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Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Wood Products / Global / North America
April 28, 2021

US lumber prices ‘could spiral out of control in the next few months’

US lumber prices ‘could spiral out of control in the next few months’
Last week the price per thousand board feet of lumber soared to an all-time high of $1,188.  Since the onset of the pandemic, lumber has shot up a whopping 232%.    Home builders and DIYers don't want to hear this, but the ceiling could be higher—maybe even a lot higher. On Monday, the May futures contract price per thousand board feet of two-by-fours jumped $48 to $1,420. That squeeze once again triggered the circuit breakers and caused lumber trading to halt for the day. Why would lumber yards and builders ...

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