• tal
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    23 hours ago

    The price of lumber never really went back to where it was before covid.

    https://tradingeconomics.com/commodity/lumber

    The price in at the start of 2020 was ~$377.55 per thousand board feet.

    https://www.bls.gov/data/inflation_calculator.htm

    $377.55 in January 2020 is $460.34 in July 2024 dollars.

    The price of lumber in July 2024 was $423.27.

    So it’s gotten back down to and fallen below pre-COVID-19 prices in real terms.

    It does look like the price has risen from July 2024 to November 2024, so it’s presently higher, but it has not stayed above pre-COVID prices since the end of COVID-19.

    • dogslayeggs@lemmy.world
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      2 hours ago

      What I’m seeing is that prices for lumber today are fairly flat based on location. Back in 2019, someone in AZ might pay $2 per 2x4 while someone in OK might pay $3. It was very variable depending on where you bought. Today, just about everyone has to pay $3.75 per 2x4.