re: Are Lumber Prices Ever Going To "Normalize"?

Lumber, at $1,059 per 1,000 board foot is 40% below it’s high of $1,670 a month ago but it’s almost 3 times higher than it was a year ago at $371.

Look up the increased revenue for public companies like wyerhauser and west Fraser and it’s clear to see who is making the money on the price rise. It’s not the timber farmers and it isn’t necessarily the big box retailer although they’re benefiting.
Fraser q1 sales increased 81% from the prior quarter.
Weyerhaeusers net revenue increased over 350% from a year ago.
They’re killing it.

The hay days are coming to and end though. Covid’s impact is wearing off on the home remodeling and project work. Supply is going to catch up and bring the equation more into alignment.

I canceled a guest house project months ago and the builder told me that he had several cancelled jobs at that time but I know he’s still busy. He said some people just don’t care about material cost.