Lumber Price Plummet

I live in a new subdivision where a bunch of neighbours are holding off building their fences and decks. It’s not only an expense most first-time new home buyers don’t consider, it’s also the price of lumber this year. The massive spike in prices has at least a half dozen of them thinking “next year.” But that’s all over with…but only in the U.S.

Lumber prices have collapsed, giving up all of their 2021 price spikes. But that’s only in the U.S. So, right now, you can buy lumber at 2020 (and lower) prices in the US, paying the exchange, duty and tariffs. Yet, here in Canada, there are so few retailers that they, along with the producers are taking their sweet time dropping prices. NOT nice!

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