Lumber prices are rising again, but this time you can't blame the pandemic.
Why it matters: Blame climate change instead. Extreme weather in Canada drove the increase — a sign that even when the pandemic recedes supply chains are still going to be funky.
"When folks in the industry saw rail lines were destroyed…everyone panicked and started buying what they could get their hands on," Dean said.
Flashback: Rising lumber prices became something of a poster child for the high inflation economy last spring. Increased demand for houses and home renovations collided with low supply, thanks to pandemic-idled sawmills — other supply chain snarls didn't help either.
