How Falling Lumber Prices Impact U.S. Home Buyers

Mortgage Professional America, July 12, 2021–Mark Rosanes
With the economy reopening, Americans began allocating the money they would otherwise have spent on home upgrades to travel. Homebuilders, meanwhile, started to delay projects partly to keep hold of their inventory of building materials, cooling demand further. This came as sawmills across the country started resuming operations, ramping up lumber supply.