Posted To: MND NewsWire
With the overall inflation rate becoming a focus of concern, the attention paid to lumber prices over the spring and summer faded to background noise. A recent report on the subject by Erik Sherman in GlobeSt.com warns that those prices remain an issue, however. He writes “supply chain problems, labor issues, and geopolitical wrangling mean a continued uncertain and volatile future.” The only promise lumber offers going into 2022, he says, is potentially high prices with a heaping dash of volatility. In late June we observed that lumber prices had been dropping from a peak of $1,670 per thousand board feet on May 7 to 897.90 and, at that point, the decline was picking up speed. At the time that Sherman was writing, his article was posted on December 22, lumber was above $1,000 per thousand…(read more)
Source: Mortgage News Daily
