The lumber inflation bubble has popped, but why do prices remain high?

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Since the pandemic began, more Americans have opted to build new homes, as homeowners have been cautious about selling. Because of this, lumber prices have soared above their pre-pandemic levels.

A report from Fortune found that the price of lumber has soared to 300% above its pre-pandemic price tag, making it harder for home builders and DIYers.

However, in recent weeks the price of lumber has dropped from its springtime highs. This