The speculative bubble in lumber is popping. Here’s what it means


An employee looks at hardwood logs stacked in piles in the yard at Superior Hardwoods of Ohio Inc. in Barlow, Ohio.

Ty Wright | Bloomberg | Getty Images

Investors buzzed the past four months about high flying technology stocks, but the biggest bubble of the summer may have been in lumber futures. 

The price of lumber futures skyrocketed to a record high of $928.5 per thousand board feet on Sept. 1, more than triple its levels during its low in April. As lumber mills shuttered closed amid nationwide lockdowns, Americans wanted new and improved houses, causing the price of the

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