Yooper In Training
Because so many people have the money to burn right now. People get a $1400 stimulus and start spending like they're getting it every month. More people working from home both short and long term frees up lots of money formerly spent on fuel and eating out. Less extravagant vacations, more home improvements. People like me who don't want to deal with the insane housing market, so they take advantage of low interest rates and refinance for home improvements. Demand will stay sky high, but hopefully supply improves quickly to help the situation some. I'd be happy if the housing bubble popped to drop demand back down to help further, but we'll see. I'll sit on the money for now, I'm not desperate to get it up at double or triple the normal price like so many other people seem to be. I doubt numbers will come back down to 2019 levels again, but even mid 2020 pricing would be night and day from where it's at now. We'll see.EDIT:
I deleted what I wrote initially; it was neither the place for it nor something that hasn't been already said.
Back to the actual topic:
I don't see timber pricing going down anytime soon. It's making people too much money. Even with the cost of materials double what they were 2 years ago; new buildings have gone up by a factor of 10 in the last year. Pricing seems to have had the opposite effect you'd think it would have.