>Some might even note that lumber is a leading indicator of economic expansion, which, in this case, would translate to ... inflation. Yup. That soft landing might be getting more unlikely now.

I would say that the middle class is getting less wealthy as of recent. Inflation is up, debt is through the roof, consumer confidence seems low, interest rates are high, and those nice money packages people got during covid is running out. I don't see why you would want to buy a house or make a house in this market. But yeah, let's hope for the best for that soft landing...