How the Surge in Lumber Prices is Affecting Landowners
Lockdowns from the pandemic have led to some unexpected economic consequences, one of which has been a surge in lumber prices. Sawmills shut down at the onset of the pandemic, while Americans across the country – forced to work from home – found the time and energy to remodel, renovate and, in many cases, relocate. The result has been a case study in forest economics. Demand for lumber went up, but supply went down: consequently, costs have skyrocketed over 300%.