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August 31, 2021
North American lumber prices continue to fall
For the 13th consecutive week, North American framing lumber prices are down. On Friday, the cash market price of lumber fell to $389 per thousand board feet, according to data from Random Lengths. That's down 74% from its $1,515 all-time high in May. The market seems to be trying to find a bottom. However, there is now a lot of wood in the distribution system, and a bottom is proving elusive. As lumber prices reached record levels this spring, many DIYers and builders simply stopped buying. At the same ...
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