I should have added - those prices will cool down the house building considerably.
Yikes!
And... I'll say... (effect on construction)
I've not been following lumber prices recently (nor did I go into the lumberyard @ Lowes a few days ago.) What's driving the increase? The fires? 3x is "insane".
I really don’t know for sure. I was the one that insisted we go ahead and buy it early. I don’t recall all the reasons, but one was that the Fed was printing money out the kazoo, and it was before COVID hit.
Supply line disruptions and fires etc. It ain’t gonna be pretty for a while.