Lumber Futures and Cash Prices Crashing
  • Futures fell by 41%.

  • "The rapid decline suggests a bubble that has burst".

Source: Wall Street Journal

  • Before the fall, lumber prices went from ~$250/1K feet to ~$1,700.


Longhorn Beetle decimated nearly a decade's worth of Canadian Lumber, a major supplier for the US market. 2017-2018 wildfires.

The Mortgage-backed Securities Crash of 2008 led to a 49% decrease in lumber demand and the subsequent closure of 30+ large sawmills.

Stimulus cash, low-interest rates, and the shift to work-at-home caused a surge in home improvement and renovations.

Builders and Supply Depots hoarding wood stock (Source: WSJ)


+$36K on the average single-family home.

+$13K on the average multifamily unit, $119/month in rent.

Source: National Association of Home Builders, the Hustle, NASDAQ

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