3 ms·
Lumber production at all time high, as easily found in many articles. It's called demand pull inflation. Suddenly populace has many more dollars, and thus can
by adam_arthur 5y ago
Lumber production at all time high, as easily found in many articles.
It's called demand pull inflation. Suddenly populace has many more dollars, and thus can buy out supply of whatever... In this case, new housing stock. Or it could be driven simply by changes in preferences... The exact breakdown can't be known.
Whether it persists or not is the important question.
https://www.google.com/amp/s/fortune.com/2021/06/10/lumber-prices-2021-chart-price-of-lumber-production-wood-supply-costs-update-june/amp/ https://www.google.com/amp/s/fortune.com/2021/06/10/lumber-p...
A lot of people handwave away shortages as a supply side issue, but an increase in demand leading to a shortage is not supply side at all. The distinction is subtle but important.