re: Lumber prices continue to skyrocket

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and the effect on the housing market as a whole?

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The housing market is in deep doo-doo for a lot of reasons but you wouldn't know it by the new construction track home builders are popping up. The cost of homes has far outpaced income levels for too long. The restrictions on evictions due to COVID only delayed a 2020 correction IMO but it will ultimately make the correction worse. We are seeing another bubble but no one believes it because they say too many people have too much equity. That may be true to a degree but you need buyers that can afford your house for that equity to matter.