Search results
3 days ago · Until 2020, the price of lumber was generally in the range of US$250 to US$500 per thousand board feet (1,000 bdft). During the initial days of COVID-19 the price of lumber dropped more than 50 ...
Apr 26, 2021 · Consider this stat: Lumber prices have risen by 130 percent since before the COVID-19 pandemic, which makes for an estimated $24,000 difference in the cost of a newly constructed...
- Caroline Delbert
May 5, 2021 · Surging lumber prices alone have pushed the price of an average new single-family home $35,872 higher, according to an analysis by the National Association of Home Builders.
Now, in the first half of 2022, lumber prices are sky high again. Why? According to David Logan, senior economist at National Association of Home Builders (NAHB), this most recent lumber price surge is due to several factors:
Lumber remains a highly illiquid commodity, but wood is a bellwether raw material and a barometer for new home construction. Soaring mortgage rates have weighed on lumber futures prices since the March 2022 high.
Jul 18, 2024 · Lumber prices are always related to supply and demand — the amount of lumber available compared to the amount consumers need. If supply is higher than demand, prices are lower, and prices rise if there is more demand than supply. What factors impact lumber supply?
People also ask
Are lumber prices going up?
Is the lumber shortage costing you more money?
Are lumber prices related to supply and demand?
Why did random-length lumber futures hit a record high?
Apr 2, 2021 · As if Canada's housing sector wasn't already irrational enough, a pandemic-induced lumber shortage is pushing the price of building a home even higher. The cost of basic lumber like...
