When Will Lumber Prices Go Down?

Lumber and plywood prices have jumped through the roof in the U.S. Building materials prices will retreat in 2022, returning to pre-pandemic levels by 2023. They reflect housing-specific issues, not general inflation. (The general inflation is coming, I have argued, but lumber is not an early sign.)

Will lumber prices go down in 2021?

The building commodity is down more than 18% in 2021, headed for the first negative first half since 2015. At their peak on May 7, lumber prices hit an all-time high of $1,670.50 per thousand board feet on a closing basis, which was more than six times higher than their pandemic low in April 2020.

Will lumber prices go down in 2022?

The average price this past week for a framing lumber package was $1,446 per thousand board feet. ... Still, most analysts expect lumber prices to remain elevated through 2022 due to supply-chain disruptions and as very few new mills are operating at 100 percent.