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In the last six months lumber prices have ranged from $475 to $625 per thousand board feet, about one-third the peak in 2021. Trump has threatened to add 25% tariffs on goods from Mexico and Canada.
But in 2021 lumber prices skyrocketed, from $300 to more than $1,600 per 1,000 board feet, according to the Seattle Times. That’s when Hickey decided that the store wouldn’t carry as much ...
In fact, on Tuesday, lumber prices rose ~6% in the commodity markets amid increased demand. It brings up a situation in which investors can make gains on lumber stocks, and Wall Street’s ...
The board foot or board-foot is a unit of measurement for the volume of lumber in the United States and Canada [1].It equals the volume of a board that is one foot (30.5 cm) in length, one foot in width, and one inch (2.54 cm) in thickness, or exactly 2.359 737 216 liters.
Lumber prices. Presently there is a healthy lumber economy in the United States, directly employing about 500,000 people in three industries: Logging, Sawmill, and Panel. [62] Annual production in the U.S. is more than 30 billion board feet making the U.S. the largest producer and consumer of lumber. [62]
Local landowners would sell the trees for 50 cents per thousand board feet, which is about how much the sawmills could handle in a day. [10] At the time, log transportation cost about two dollars per thousand board feet, and a mill could sell the processed lumber for $6–10 per thousand board feet. [10]