Lumber Prices Fall Back To Pre Lockdown Levels

The Wall Street Journal reports that one of the key economic resources for any country, lumber, has seen its prices recede to levels not seen since before the onset of C-19 related lockdowns and economic disruptions. This key early indicator of economic activity and the forward going costs of new construction and other basic economic activity and supply chain vitality globally shows that there is a significant cooling in global demand in the face of rising interest rates and other indicators of a landing from inflationary driven prices spikes.

While the price as measured per thousand board feet has dropped from extreme highs seen earlier this year, the price is still higher than the 2015-2019 despite a sharp downward move in the last 90 days.

We will continue to follow this important economic indicator.

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