Lumber: What Goes Up Must Come Down

What do lumber prices tell us about inequality?

After a historic rally post March 2020, the price of lumber in the US is down by about 50% from its May ‘21 peak. Even though this drop comes after a sixfold rally in prices from their 2020 lows, a 50% selloff in slightly less than 2 months does hint strongly at some kind of underlying change.

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