Lumber prices have come crashing down, in a new sign of how rising interest rates are deflating markets that boomed during the pandemic
Earlier: Demand for lumber has skyrocketed during the pandemic, sending prices to all-time highs. This video explains what’s driving the lumber boom, who’s profiting, and why those growing the trees aren’t reaping the benefits. Illustration: Liz Ornitz/WSJare deflating markets that boomed during the pandemic.
Wood prices were a leading indicator of the supply-chain problems and inflation that followed pandemic lockdowns. Prices
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