Lumber prices jumped 5% to more than $1,000 for the first time since mid-June on Thursday. Lumber is 41% below its record high, while its up 127% from its recent low. Driving the volatile lumber prices is steady demand for homes combined with dwindling supply. Lumber prices surged 5% on Thursday to $1,024, jumping back above the $1,000 per thousand board feet level for the first time since mid-June as the commodity experiences heightened volatility amid supply chain issues and steady demand from home builders ...
Register for unlimited access
We work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!