Kunal Lunawat is the Cofounder and Managing Partner at Agya Ventures. Prior to Agya Ventures, Kunal built technology and product at Hannover Re, a leading reinsurer based out of Germany. He started his career as an investor at Blackstone, where he was part of the firm’s real estate private equity practice.
This created a classic demand-supply mismatch. While the current prices are unsustainable, in general, one can expect lumber prices to trend upwards. This is purely predicated on the demand for housing in the US and the amount of stock coming to the market over the next decade.
Lumber future sank for the 10th straight day on Tuesday to as low as $944 per thousand board feet before mounting a mild recovery.