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October 30, 2018

US lumber prices at lowest levels in two years

US lumber prices at lowest levels in two years
Disappointment permeated US framing lumber markets, as trading lacked follow-through from the previous week’s pickup in sales. One brighter spot was a modest increase in sales of Southern Pine, as some prices reached what buyers called “investment levels.”    Elsewhere, however, a quiet, if not gloomy, tone left prices stalled at best, and many continued to fall — some to levels not seen in two years. The Random Lengths Framing Lumber Composite Price fell $14, to $346, its lowest level since April 2016.            This ...

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