Nightly Nuance - April 27, 2021

Hello, my friends. Today, I’m talking about why the price of lumber is so high (thanks to Bryn for this idea!). Basically, we have a perfect storm: sky-high demand, reduced supply, a thorny situation with our friends in Canada, and rising demand for US forest products in China, Vietnam, and India.

Here are some articles I relied on in compiling this episode:

Lumber Is Ridiculously Expensive Right Now. Here’s Why—and What You Should Do. (Popular Mechanics)

RPT-Soaring lumber prices reverberate through U.S. housing market (Reuters)

New home sales surge as lumber prices skyrocket (Axios)

The price of lumber is up over 200%—and pre-COVID levels might never return (Fortune)

The ‘Misery Whip’: The ongoing US-Canada lumber dispute just doesn’t cut it (AJOT)

Have the best available Tuesday!

-beth

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