Lumber prices are up 240% year-over-year

There are supply constraints, for example, sawmills cut production and inventory at the beginning of the pandemic, and the West Coast fires in 2020 damaged privately-owned timberland.

And there has been a huge surge in demand for lumber. Tariffs on Canadian lumber were raised, then lowered but last week, the Commerce Department released a preliminary report that might lead to raising the tariffs again.

Via Calculated Risk