re: Will lumber prices go down by years end?

Yes, prices are going to start coming down before end of year. Likely to plummet by end of year or in 2022. For some reason any mention of lumber prices falling brings the negative votes on this board. but it is going to happen.

From Bloomberg:

quote:

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All told, we forecast that the price of U.S. lumber will plummet to $600 and $550 per 1,000 broad feet by end-2021 and end-2022,

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I think lumber is currently around $1300 per 1000 board feet so a price drop of over 50% to 60% is coming. It's just pure economics and supply/demand. Lumber prices are high and the industry is responding on the supply side. Supply is going to overtake demand and prices will plummet. Took awhile to create a "shortage" and it is taking time to build a "surplus". Lumber prices will reset back to 2019 prices + inflation over the last 18 months.

You can take this to the bank. Anyone that tells you differently is an idiot.