We’ve talked recently about how The Topic of Inflation is All the Rage. Here is some insight on some of the factors that are baked into the inflation equation.
Lumber prices have been super volatile, causing building and housing prices to spike. Lumber hit a record high of $1,670.50 per thousand board feet on May 7th– this is a 600% increase since April 2020! Prices have declined since then, dropping over 40% in June, from $1,267.50 on June 1st to $737.40 on June 30th. At market close today the price was $538.60.
Will the price volatility represent a permanent increase in cost to the do-it-yourselfer and professional builder? I received some good responses on the inflation narrative. What do you think about the lumber component?
Here’s an article which tells a story about the environment we are now in. Enjoy!
~ Brian Kasal- The Leadership Matrix
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