Last week the price per thousand board feet of lumber soared to an all-time high of $1,188. Since the onset of the pandemic, lumber has shot up a whopping 232%. Home builders and DIYers don't want to hear this, but the ceiling could be higher—maybe even a lot higher. On Monday, the May futures contract price per thousand board feet of two-by-fours jumped $48 to $1,420. That squeeze once again triggered the circuit breakers and caused lumber trading to halt for the day. Why would lumber yards and builders ...
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