US lumber prices have been climbing since their recent bottom in mid-July. A “normal” cycle sees prices dropping from early September until early in the new year when buying starts again for the spring construction season. With lower mortgage rates expected, will we see a hotter housing market increasing demand for lumber and lumber prices?    Background    Until 2020, the price of lumber was generally in the range of US$250 to US$500 per thousand board feet (1,000 bdft). During the initial days of COVID-19 the price of lumber ...