What’s behind the dramatic 75% drop in lumber prices since their 2021 peak? How will these price changes affect homeowners and builders in the coming months? The lumber market has experienced unprecedented shifts, from pandemic-driven highs to record lows in 2024. These fluctuations have forced sawmills to adapt, created opportunities for buyers, and reshaped the construction industry landscape. Keep reading to understand what happened with lumber prices in 2024 and what these changes mean for your next building project and the market as a whole.
Lumber Prices in 2024: What Happened and Why (Analysis)
