Wood production hits 13-year high—but lumber prices are still up 171% since COVID started
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FortuneLance Lambert
Wood production hits 13-year high—but lumber prices are still up 171% since COVID started
The all-time price record was set this month when the cost of lumber per thousand board feet hit $1,044.
Mar 31, 2021
Lumber Price Trends
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Volatile lumber prices are once again rattling the U.S. housing market, squeezing builders and threatening to exacerbate an already dire affordability crisis. Though lumber avoided inclusion in the latest round of tariffs, the Trump administration has signaled growing interest in tightening trade restrictions, which could also increase lumber prices. Watch more: cnb.cx/4kryXtX | CNBC
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Volatile lumber prices are once again rattling the U.S. housing market, squeezing builders and threatening to exacerbate an already dire affordability crisis. Though lumber avoided inclusion in the latest round of tariffs, the Trump administration has signaled growing interest in tightening trade restrictions, which could also increase lumber prices. Watch more: cnb.cx/4kryXtX | CNBC
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