Key Data: Current Lumber Price: $508.50 per thousand board feet, reflecting a 1.60% increase. Price Trend: The price has risen by 2.42% in the last year but has decreased by 16.64% since September 2022. Lumber prices have recently dipped, nearing the $500 per thousand...
The lumber forecast and futures extended losses below $500 per thousand feet, the lowest in over two months driven by concerns about weakening demand, despite a decrease in supply. Housing, Supply Chain, Fires Are Factors Housing starts tumbled 8% month-over-month in...
