In the U.S. lumber prices were up 54% year over year as of the second quarter of 2021, and this trend reflected across the globe. In simpler terms, the cost to build just about anything, but in particular homes, skyrocketed. These price increases go well and beyond normal demand surge.
To unpack this, host Maiclaire Bolton Smith sits down with construction aficionado Glenn Bearden. He peels back what's really causing this—from the pandemic, to labor problems, all the way to the core of human behavior.