read an article about canadian bug kill timber so rapid that it's decaying before they can cut and process it. thoughts were that 2 to 3 years out could be a dramatic shortage of available good timber to cut
With the looting that was going on from early May and the phase of reopening in NYC, there was a great demand for sheathing/ plywood panels and 2 x 4’s. The plywood was used to board up the doors and windows of the boutique stores (to curb looting and destruction of the premises) and along with the sheathing and 2 x 4’s for outdoor cafe dining (framing and decking) due to social distancing; weren’t allowed to dine inside restaurants and cafes. There are a lot of construction going on in NYC. I am not saying we are the main culprit of shortage and hike in the price, but the city demands for the need and necessity was high for building material from May to now and still ongoing. The restaurants had to do it in order to stay afloat and stay in business- in a popular location in NYC, there could be 10 cafes and restaurants in one block! Then there are a lot of developments that are going up whether it is mid rise or high rise buildings.
Also, with the low interest rates, home construction is way up and limited only by available skilled labor. And we've been hit with several major storms that also caused a huge demand for lumber to re-build. So just about every market force possible is hurting the prices of building lumber.