Lumber Prices are High, but IS it “Gouging” Though?

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Much has been made of the recent sharp increase in the price of lumber, with a whole crop of suddenly new commenters saying this is “price gouging”. Where were these people for the past ten years when lumber was undervalued?
The normal workings of construction framing wood products and building materials through the supply chain, are that: retailers hedge. So while wholesaler lumber prices go up and down by — for example — $150 throughout the year due to normal seasonal factors (home building and buying season vs winter), the prices of wood on the shelf of a hardware store remain essentially the same.
But one year ago, as a result of a combination of factors deeply explained by Madison’s over the past year, wholesaler prices shot up so drastically and so quickly that retail suppliers could not hedge and simply had to pass that cost on to customers.

FULL STORY + GRAPHS: https://madisonsreport.com/2021/05/14/lumber-prices-are-high-but-is-it-gouging-though/

BIG THANKS TO https://www.soleraadvisors.com/ for the chats, insight, and graphs :-D