Despite the recent decline, lumber prices remain significantly elevated compared to pre-pandemic numbers.
Trapped inside their residences, many diverted the money they would have otherwise spent on travelling to home renovations, hiking up demand.
“We have people looking to do renovations to their homes, new home builds.
Elevated lumber prices have also pushed up the cost of building a home.
“The jobs that you have coming up, don’t expect us to go back to what we saw the previous 10 years.