The Palisades, Eaton and Hurst wildfires in Southern California have destroyed more than 12,000 structures, raising the likelihood of a spike in demand for lumber in the months and years ahead.
Lumber prices have been stable at $500 per thousand board feet as of 2023-2024. Boise Cascade sees profits despite the soft housing market linked to construction demand. International Paper excels ...
Prices, however, still trade far below their record intraday high of $712 in August 2022. That year, the legacy lumber contract was delisted and the current smaller contract was launched.
The National Association of Home Builders (NAHB) published an analysis today of how volatile lumber prices have significantly impacted home prices and rent. Since the pandemic lockdowns began in ...
Lumber prices have reached record highs in Japan ... may weather the difficult times by maintaining home prices at the current level because they do not want to be stuck with unsold homes.” ...
And then there was lumber mania, when lumber prices soared to records. Once we all were cooped up in our homes, many people looked around, realized they hated their abodes, and decided it was time ...
Canadian softwood lumber producers already pay duties on ... buyers try to build February and March inventories at current prices in anticipation of a 25 per cent price spike, Wilson writes ...
Additionally, prices of lumber and other building materials slumped after a renovation project surge and the pandemic eased; the lower prices left many suppliers in shaky financial condition.