Found this April 2021 article on lumber prices post COVID. Prices in 2021 are the highest they've been, probably ever:
CNBC's website is obnoxious, but it does have some good information. A quote: "The surge in lumber prices in the past year has added $35,872 to the price of an average new single-family home and $12,966 to the market value of an average new multifamily home, according to the NAHB." Home prices are high, and low availability is raising the prices of new homes. Curiously, Baltimore is one of three markets noted to have the least inventory (with San Diego and San Francisco). Not sure what's going on in Balmer- not a crowd we usually hang with!
Update: this article, also from April, is about the growing market for wood pellets, which we touched on briefly in class.
