Lumber is down from the stratosphere, but still pricy for Minnesota builders and home owners

Lumber prices, a key cost in home construction and an influence on inflation in Minnesota and the nation, have plunged from their peaks this spring but remain well above pre-pandemic levels.

The development is welcome news to people who want to build a new home because, aside from land acquisition and labor, lumber is typically the highest component cost.

Prices on certain types of wood products remain elevated, including special order deckings, made-to-order windows and doors, engineered lumber, roof and floor trusses. Lead times on those products are long.

https://www.startribune.com/lumber-is-down-from-the-stratosphere-but-still-pricey-for-minnesota-builders-and-home-owners/600097451/