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Lumber prices go up during pandemic. Skip to content. NOWCAST WDSU News at 6am Saturday. ... They said before the pandemic, cedar wood was $4.97 for a 6-foot board, today, it's $5.39.
If you’re in the market for high quality lumber or other items for your next construction or home project, Sound Cedar Lumber is here for you. The business specializes in Western Red Cedar ...
Soaring lumber prices add $36,000 to the cost of a new home; ... About 70% of the softwood lumber used in Colorado home building, like pine, fir and cedar, comes from Canada.
Cedar and cypress drop 9.6% and 7.1% year on year; spruce studs rise 1.4% month on month yet remain below May 2024.
“Conversely, today, the price for a thousand board feet of lumber hit a high of $1,300 when only a year ago it was about $328,” he said. “In 2009 it was just $163. Nothing is forever.
Spot market prices reached $686.72 per thousand board-feet in intraday trading on Monday, March 24, according to Trading Economics. By the end of March 26, the price was down to $671.09.
Lumber prices have dropped by more than 60% so far this year, but don’t count on a recovery soon. Higher interest rates and inflation will continue to slow demand for single-family homes.
A big one-- the price of lumber. ”A 2x4, a very basic piece of wood, has started to come down to what I would call normal prices now after having been up about 25% earlier in the year.
Lumber is cheap, but building or renovating a home isn’t. The price of lumber has plummeted since early in the pandemic, but other building materials are up 30% from 2019.
Lumber prices soared from around $300 per 1,000 board feet of lumber in the weeks before the pandemic hit in 2020 to more than $1,600 in the spring of 2021.
Lumber futures are trading at $588 per thousand board feet, which is around where they began the week. Spot prices two-by-fours were also little changed this week, according to Random Lengths ...
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