Are lumber prices expected to go up or down?

Lumber prices have started to slide downwards, but it’s going to take time for the end user to see those savings. Nun agrees, adding that a decrease in demand or increase of supply will need to continue for some time before price reductions happen further down the pipeline.

Are lumber prices rising again?

Bloomberg reports that supply chain bottlenecks could cause lumber prices to keep rising through the first quarter of 2022. From there, supply chains could catch up and the cost of lumber could drop back down.

Will Biden’s infrastructure plan boost lumber and other commodities?

There’s little doubt that demand for lumber, steel, and other commodities will get a boost from President Joe Biden’s $2.3 trillion proposed infrastructure package. Prices for some building materials, however, have already booked phenomenal gains in the first three months of the year, potentially setting limits on an extended rally.

Will president Biden’s stimulus package push steel prices higher?

In the short term, the steel market is very tight, and improved sentiment alone could push prices higher, he says. President Biden’s $1.9 trillion economic stimulus package passed in March, meanwhile, may already be “adding fuel to the recovery and helping consumer demand,” says Burns.

Will Biden’s infrastructure plan lead to a rally in building materials?

Prices for some building materials, however, have already booked phenomenal gains in the first three months of the year, potentially setting limits on an extended rally. Biden’s infrastructure plan includes repairs to roads and bridges, and investments and improvements in airports and transit systems over an eight-year period.

How much have lumber prices increased in 2020?

The National Association of Home Builders reported that prices for lumber have increased by more than 300\% since April 2020.