Time for an update...
Prices on lumber have fallen for about 3 weeks or so. Not drastic, but triple digits anyway. Plywood has eased up a little as well. Last week, lumber dropped around 25/m board feet.
Then this AM...
My plywood mill sent a mid-week price increase and my lumber mills informed me lumber is trending back up. New orders are through the roof and expect noticeable increases again by Friday.
I hate the term "new normal". But I think this is it.
Spring is about to hit and prices will continue to increase.