Now returning to Pre-Pandemic levels, lumber prices dropped 63% in 2022.
According to WXPR, at about $365 for 1,000 board feet, lumber prices are lower now than they’ve been in more than two years.
“They’re about where they were before the pandemic started,” says Rick Wilson, the President and CEO of Pukall Lumber in Arbor Vitae.
He says the pandemic caused labor shortages, which created supply issues for larger sawmills. At the same time, demand for lumber spiked, as people tackled home renovation projects and construction boomed.