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June 21, 2021

US lumber prices expected to drop to $600 per thousand board feet in the next six months

US lumber prices expected to drop to $600 per thousand board feet in the next six months
  • The price of US lumber futures has pulled back from May's peak, falling roughly 43% as of mid-June.
  • Some experts say that it could go down to $600 in the next six months.
  • Still, the lumber shortage will not be easily remedied, and inflationary pressures remain a concern.

The price of US lumber futures has pulled back since it peaked at $1,700 per thousand board feet in late May, falling roughly 43% as of mid-June.

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