Price Inflation with lumber during COVID

Have you been stuck working inside during COVID in your house wishing you had a deck so you could be working from home on a big beautiful deck?
From the beginning of COVID over 40% of homeowners have done some type of renovation. Great idea.. Except when getting estimates you are hit with Sticker Shock! Material costs have sky rocketing since early 2020. Comparing 2019 prices to 2022, getting a deck built has increased in price by over 60%. 
Lumber prices have become one of the biggest problems in the industry for contractors. Suppliers had limited supply and material was scarce. With lumber mills closing temporary and fabrication companies closing, all materials are back ordered for suppliers. This drove prices through the roof. 
Home owners have opted to use other decking option and have composite decking installed due to the price being around the same as lumber and vinyl railings. Composite decking requires no maintenance and have a longer lifespan. However, the frame of a deck is still made of lumber. 
Prices had a slight drop in late 2021 but seen a rise again in 2022. 
If you are considering getting a deck built, consider having it scheduled now and lock in your price before it rises again. We cant predict the future. 
Prices are not expected to go down to pre-pandemic prices but lets hope COVID will disappear for good and prices will stabilize by 2023.