lumber aug 2020.jpg (1224×761)
The price of lumber futures just hit a record $887.30, limit up on the session. That’s a 240% increase since the start of April.
It's supply issues. Combo of the supply disruption from covid shutdown and new construction being on fire. I'm considering halting new starts until it backs off. Shit, we can't even get materials anyway. Word around here is even Lowe's is having trouble finding building materials.
Supply chain disruptions. Artificial shortages of material.