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High cost of lumber delaying your home projects? Here’s when prices could come down

Lumber Mill

It’s not just toilet paper and cleaning supplies.

The COVID-19 pandemic has caused a number of shortages. And, while supplies have bounced back for many products, others — like lumber — are still scarce.

The pandemic-spurred lumber shortage has driven prices sky high — complicating things for the housing market and increasing the costs of construction and other projects. Some involved in the industry have offered forecasts about when the prices could come back down, while others have said it’s unclear.

 

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