I know there's already a thread running on this, but I felt the answer might get missed if I posted in it.
Walks can merge this into the other thread at a later date, maybe a couple of weeks.

OK, here's the thing. It is a very short lived bubble and here's why.

The Great Reset Comes for the Suburbs: Another Damn Thing We Have to Be Concerned About

"This process is painful," Bloomberg's Karl W. Smith tells us, "but surely, most Americans' single biggest asset — their home — is becoming more liquid."

Well, technically it's becoming someone else's asset, more liquid or otherwise, "as institutional investors increasingly enter the housing market."

https://pjmedia.com/vodkapundit/2021/06/18/the-great-reset-comes-for-the-suburbs-n1455488

And here's the answer. Give it a year. Trump will be back in office and this BS will come to a screeching halt.

Lumber Industry Has No Interest In New Mills As They Reap Rewards Of Record Prices

By now, readers know soaring lumber prices have been due to a combination of factors, including record-low mortgage rates sparking a housing frenzy, home renovations, and, of course, sawmills reduced capacity at the beginning of the pandemic anticipating lower demand.

Executives at Weyerhaeuser Co. and West Fraser Timber Co. said they would increase budgets to boost efficiency and output at their existing mills in the South, where a glut of cheap timber resides. Some executives don't mind accumulating a surplus amount of cash as the times are good but aren't using the money to construct new mills.

"We are going to be ultra-cautious on what we do in those regards," Canfor Corp. Chief Executive Don Kayne told investors last month when he announced record quarterly profits.

"We don't mind at all having a little extra cash around for sure, considering what this industry goes through."

Chad Hesters, who advises lumber executives and investors as managing partner in the Houston office of consulting firm Korn Ferry, told his clients not to build any mills during this cycle because "they are too late." He said that by the time a new mill comes online, the industry's cyclical nature could quickly turn, and new investments shift into "a good way to lose money."

So in the meantime, the North American lumber industry has no incentive to bring on additional capacity as they remain cautious and enjoy the fact their quarterly net income is some of the highest in years - all at the expense of the consumer.

https://www.zerohedge.com/commodities/lumber-industry-has-no-interest-new-mills-they-reap-rewards-record-prices

Yes, they have much to worry about.

Lumber futures are already tumbling. See graph at link below.

https://futures.tradingcharts.com/chart/LS

My sentiments exactly. Those of us who have been on this planet for awhile has seen this movie before. Leftists are running many of their citizens to other states and this is temporary. I am seeing that right here where I live in WNC.