Lumber prices are falling. Could prices in the housing market follow?

Lumber prices and supply have taken investors, contractors and consumers for a ride since 2020. Erratic inventory and construction labor shortages combined with a Canadian lumber tariff have spiked lumber prices as the nation’s appetite for new housing remains high. The effects of inflation and other construction material price fluctuations have, for home builders and buyers, tacked on additional costs in an already unwelcoming…