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Visualizing What $50k In Lumber Can Build Today Versus Last Year


14,496
 bd ft
What they found was that $50k in lumber in 2015 could build 14.74 new single-family homes. By April 2020, the same price of lumber could build around 10.5 homes. And in May, after a meteoric rise in lumber prices, $50k in lumber could only build 2.11 homes. 
Here s a visualization of what $50k in lumber can build in May 2021 versus May 2020. 
On Friday, lumber prices rose at the Chicago Mercantile Exchange to over $1,700 per 1,000 bd ft, closing up 2.49% to $1,686, fresh record highs. The chart below is in a parabolic move - almost like Bitcoin or Etherum. 
Despite Weyerhaeuser Co., Georgia-Pacific LLC, West Fraser Timber Co., Ltd., among others, attempting to increase output, lumber prices continue to soar and will likely remain elevated until new capacity comes online or the housing market frenzy loses steam.  ....

United States , Fraser Timber Co Ltd , Chicago Mercantile Exchange , Weyerhaeuser Co , Visual Capitalist , ஒன்றுபட்டது மாநிலங்களில் , ஃப்ரேசர் மரம் இணை லிமிடெட் , சிகாகோ வணிக பரிமாற்றம் , வேயேற்ெஊசேர் இணை , காட்சி முதலாளித்துவ ,