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Home AEC Why Lumber Prices Have Plunged 75%: The Housing Affordability Crisis Explained
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Why Lumber Prices Have Plunged 75%: The Housing Affordability Crisis Explained

July 17, 20242 Mins read458
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Photo by Patrick Robert Doyle on Unsplash
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The dramatic surge in lumber prices during the twin-peaked bubbles of 2021 and 2022 is now a distant memory, with prices plummeting to pre-pandemic levels. The lumber market, once driven by skyrocketing home-building costs and inflation, is now experiencing a significant downturn. Spot lumber prices have dropped 75 percent from their May 2021 record high […]

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