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December 20, 2021
Sky-high lumber prices are back in North America
Builders are buying lumber while floods in British Columbia limited supplies. Cash prices are also very high. Pricing service Random Lengths said its framing composite index, which tracks on-the-spot sales, has jumped 65% since October to $915. Last week’s jump of $129 was the biggest on record, eclipsing the jump of $124 in May, when lumber prices hit an all-time high. Though lumber is traded in esoteric markets, two or four have become a proxy in the debate as to whether inflation will fade away with the lockdown ...
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