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Contractors find new ways to cope with elevated lumber prices

September 16, 2021

U.S. commercial and residential builders breathed a sigh of relief last month when softwood lumber prices dropped more than 30% after reaching an all-time high in May.

Although prices still remain elevated, they have come down to a more manageable level, experts told Construction Dive.

These fluctuations in the price of lumber are related to the supply chain, said Daniel Pomfrett, vice president at Cumming Management Group, a project and cost management firm. Now that lumber prices have started to decline, Pomfrett said contractors should not expect the upward spikes that characterized earlier pandemic stages.

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