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Re:Lumber rally cools with transport snarls easing, buyers b... by lupire on Sunday March 27, 2022 @10:16PM (#30826366)
Sure. Prices hit an unsustainable level, soaked up the small bit of demand at the peak, and then declined to find more demand. Econ 101
Re:Lumber rally cools with transport snarls easing, buyers b... by ravi-delia on Monday March 28, 2022 @11:42AM (#30831693)
In all fairness to OP, Econ 101 would hold that for the price to change you'd need a supply or demand shift. So if prices got as high as they did, the prices alone wouldn't bring it back down. By 102, of course, slight (or in the current lumber market, enormous) lag in the supply chain and largely habit-driven consumers make for more bumpiness on the way to equilibrium.