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"Worst May Actually Be Behind Us" In Lumber Prices, Says Construction Expert

However panic buying by contractors could create a bubble.

By Ted Knutson | July 30, 2021 at 06:55 AM

The worst may actually be behind us for lumber prices, CoreLogic Construction Expert Glenn Bearden said in a recent company podcast.

US lumber prices were up 54% year over year as of the second quarter, but Bearden asserted the market forces and human element that combined for a perfect storm for the increase have dissipated. “There’s been a noticeable decrease in market pricing. And it all seems to coincide with the pandemic and how things are beginning to wane,” said the CoreLogic expert.

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