KANSAS CITY, Mo. — Lumber prices are sky high, but it’s also building season, especially for do-it-yourselfers with outdoor projects planned, like decks and sheds.
Early in the COVID-19 pandemic, people flocked to home-improvement stores, wiping out the retail lumber supply during a flurry of DIY activity in the late spring and early fall of 2020.
That helped drive lumber prices to record levels, which begs the question: Should I redo my deck this summer or wait until the market settles down and the price of lumber drops?
“I want to say wait, but if you would have followed that advice from July of last year onward, you would have been completely hosed,” Stinson Dean, who owns Deacon Lumber and is a lumber trader, said. “The price has only gone up, because everyone has waited.”