Price Of Lumber Falls Following 2021’s Record Highs

Inflation is causing most consumer goods to cost more, but lumber prices are now having the opposite effect.   

Lumber prices are starting to go down after hitting record highs one year ago.

As more people returning to work, supplies will have a chance to increase. If lumber prices remain on a downward trend, the real estate market could see the impact later this fall.  

"I've talked to some of the realtors that've come in here,” Mark Gould with Day’s Building Materials said. “They're lowering some of the (home) prices down. Prices got really high the last couple of years, so I think we are going to start to see that level off a little bit."

Experts suggest to not wait on making home improvement projects and act fast, regardless of price of materials.