The Palisades, Eaton and Hurst wildfires in Southern California have destroyed more than 12,000 structures, raising the ...

Discover why lumber prices could surge in 2025 and why the iShares Global Timber & Forestry ETF may offer value. Click for my updated look at the WOOD ETF.

After peaking in spring 2021, lumber prices briefly collapsed before jumping back up to $1,400 in early 2022. Later that year, prices nose-dived to the $300-to-$400 range, and they've stuck there.

More recently, based on Random Lengths prices reported on July 01, 2022, the costs have risen to $29,407 for the softwood lumber products in an average single-family, and $10,734 for the products ...

For 2022, we anticipate that total construction ... NAHB: Over the past four months, lumber prices have nearly tripled, causing the price of an average new single-family home to increase by ...

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.