“There Is No Shortage?” Train Loads Of Lumber Stacked As Far As The Eye Can See

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One of the most important things we’ve learned over the past year is the vulnerability of global supply chains. Most notably, supply disruptions of lumber have catapulted prices to the moon.

The narrative touted in the public domain is that COVID-19 sparked a dramatic underestimate in capacity by sawmills early in the pandemic as the Federal Reserve slashed interest rates to zero, sparking a housing boom. The influx of demand outpaced supply and has caused lumber prices to jump 340% from a year ago, according to Random Lengths.

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