Lumber prices are down over 50% since this year's January peak of $1,329 per thousand feet to $651 at the end of May.
Lumber prices jumped 300% from pre-pandemic prices through May 2021.
Like most items, prices at the retail level go up quickly but come down slowly.
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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. John Adams
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