The price tag on lumber, after declining since its all-time high in May, could climb higher through the early months of the coming year, experts recently told Insider.

The outlet reported Saturday:

Lumber futures as of October 8 were hovering around $713 per thousand board feet – still 58% lower than the record high of $1,711 achieved in May as supply chain disruptions and demand for housing drove an incredible boom for the commodity. A year ago, the lumber futures were trading at roughly $586 per thousand board feet.

But after prices bottomed out below $400 per thousand board feet in late August, they have since recovered by $100 per thousand board feet in just over a month, data from Fastmarkets Random Lengths Framing Lumber Composite Price showed.... Read More: Breitbart