Lumber Prices hopefully on the Horizon of Decreasing?

[Dan Powers]

For anyone that has been living under a rock recently, lumber prices have tripled since the beginning of last year, peaking at a little over $1700 per 1000 board feet. That being said in recent weeks lumber has seen a slight decrease, with experts expecting to see a continuous decline in prices. Here are some articles supporting that theory.

https://www.bloomberg.com/news...

https://www.barrons.com/articl...

https://markets.businessinside...

This being said, with the decrease of lumber prices in the future, will we see an increase in new construction across the city and by who. Obviously, I expect the big players to continue to build because they can afford to, I'm more curious about what percentages will entice regular rehabbers to jump back into the game. Would love to hear everyone's thoughts on when they will jump back into the new construction market. 

[Dan Powers]

@Russell Brazil Thank god they're finally on the decline. I pulled this from Nasdaq, and it's shocking to see such a decline in a month's period. Nonetheless, very happy to see to as my investors have been getting killed recently on their rehab budgets. Hopefully, this will influence people to start bigger rehabs again.