For the seventh consecutive week, US lumber prices are up. Since bottoming out at $389 per thousand board feet in August, framing lumber in US is up 40% to $545. While that "cash" market price is still well below the lumber bubble's peak of $1,515 in May, it does put lumber prices back in the expensive territory: Prior to the pandemic, the price usually swung between $350 to $500. "We expect prices to climb back into the $700s as demand continues [to return]," Scott Reaves, director ...
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