US lumber prices could be heading for a rebound, executive says

After dipping below post-pandemic lows this past week, inflation-adjusted US lumber prices are approaching their all-time lows and are 20%–30% below production costs, according to Sherwood Lumber COO Kyle Little. Prices for the key construction material went on a wild ride during the pandemic and after, soaring as high as $1,514 per thousand board feet in May 2021 as housing starts surged, then crashing in 2022 and hitting a low in early 2023. A rebound started to build momentum last year and into early this year, but prices began tumbling again in March ...