Lumber bubble about to burst?

Lumber Price Bubble Likely To Decline In 2022

Forbes (12/24, Constable) reported economists predict the bubble in lumber prices seen in 2021 will not continue into the new year, because “the economically sensitive housing sector is set to have a slowdown as interest rates and inflation squeeze would-be homebuyer wallets.” Shawn Hackett wrote in a recent report for the Hackett Money Flow Commodity report that diminishing housing demand will likely weaken demand for raw materials like lumber, as rising interest rates make mortgages less affordable for new home owners.