This is down from a peak of $1,733, but up from $448 a year ago.

Click on graph for larger image in graph gallery.

Lumber price are up 60% year-over-year.

There are supply constraints, for example, sawmills cut production and inventory at the beginning of the pandemic, and the West Coast fires in 2020 damaged privately-owned timberland.  

The supply constraints are easing.

And there has been a huge surge in demand for lumber.