//Coronavirus pandemic leads to sharp spike in lumber prices

Coronavirus pandemic leads to sharp spike in lumber prices

The price of lumber is more than double what it was in March, according to the National Association of Home Builders.The group says the spread of coronavirus forced lumber mills to stop or slow production, leading to a shortage of supply.“Large lumber mills were decreasing capacity by as much as 30 and 40%,” said David Logan, NAHB’s Director of Tax & Trade Policy Analysis. “They