Equity Safe Inc.

"What's going on? As lumber prices reached record levels this spring, many DIYers and builders simply stopped buying. At the same time, sawmills were upping production in order to cash in on the record prices. That, of course, was a prefect recipe for a correction. But now with prices still freefalling, buyers have little reason to jump back in. Thus that's why we've shifted all the way from a wood shortage to an oversupply."

Wood you look at that: Lumber is cheap again For the 13th consecutive week, the price of framing lumber is down. Lumber is 33% cheaper now than during the summer of 2018.