Construction Reporter
  • Home
  • Services
    • Planroom
    • Free Trial
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity

After Trending Upward for Months, Lumber Prices Seeing October Decline

10/20/2020

0 Comments

 
Picture
The price of framing lumber has dropped by around $200 per thousand feet board in the last month, according to various reports, although overall the price is still at an historic high.

Those prices initially shot up this spring during the initial weeks of the Covid-19 economic shutdown, due largely to a sudden demand that far outstripped supply.

Between April and mid-summer, lumber prices increased by almost 120%. According to the National Association of Home Builders, that increase was thought to have added around $16,000 to the price of an average new single-family home.

But in the weeks since mid-September, the price has actually decreased by 20%, from $950 per thousand board feet to $750.

Analysts say the main reasons for this year’s lumber increase are related to the unanticipated increase in purchases for home expansion and repair projects, a higher tariff on Canadian lumber, and mill operators who slowed down production this spring.

In response to the nationwide demand for more lumber, a number of industry groups have since called on U.S. lumber producers to increase output, sending pleas to President Trump and members of Congress expressing their concerns.
​
The housing news site YieldPro notes that while the price of soft plywood products has seen the greatest increase this year, hardwood lumber and softwood lumber prices have remained fairly steady since late 2019.

By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Free Trial
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity