US lumber prices continue to fall as construction market is still weak

The downward trend in US lumber prices continues. The reason is the collapse in housing starts and building permits. Added to this are very high mortgage interest rates, high house prices and very expensive land. US lumber prices collapsed sharply on Thursday , falling to $475 per thousand board feet. At the beginning of the week, prices had risen slightly in anticipation of improved lumber sales, breaking the $500 mark. In March, lumber prices had even reached a value of USD 620 per 1,000 board feet. This was the highest value since May 2022. Since then, the market ...