Home inflation vs lumber price From 1993 thru to 2020, lumber futures were rangebound from roughly 250 to 400, averaging about 300. Meanwhile:
Median US home prices went from $100 k in 1993 to $301 k in 2020 , a gain of 200%.
Just based on this, a lumber price of 900 would be expected as the house-inflated baseline - not accounting for any premium at all based on scarcity.