Will Lumber Prices Increase in 2022?

By Mia Taylor
Better Homes & Gardens
December 15, 2021
Category: Finance & Economics
Region: United States

2021 was hardly a typical year. Between supply chain shortages, inflation, the overheated housing market, and record-shattering lumber prices… But will 2022 be any better? At least when it comes to lumber prices, it seems the answer is not entirely promising. A variety of experts, including those whose businesses have ties to the lumber industry or rely on lumber supplies to operate, predict that high prices will remain for the foreseeable future. …a portion of our lumber market is supported by imports from British Columbia. The [recent BC] floods disrupted highways and rail routes, which, in turn, impacted lumber and pulp shipments. …Fires ravaged some of the most important lumber regions of this country, causing yet more pressure on the lumber industry. …Labor shortages have also been sweeping the nation and the lumber industry has felt the impact. …Experts suggest home owners talk to contractors sooner rather than later to secure pricing. 

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