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Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for July falling 28% to $466 per thousand board feet (futures prices are ...
A lounge chair using reclaimed wood. Reclaimed lumber is processed wood retrieved from its original application for purposes of subsequent use. Most reclaimed lumber comes from timbers and decking rescued from old barns, factories and warehouses, although some companies use wood from less traditional structures such as boxcars, coal mines and wine barrels.
There may be a stigma associated with using "used" or "cheap" wood that is perceived to be of not as high quality as "new" wood. Not all pieces of wood in a dismantled building will fit in a new building, and it may be cheaper and easier, from a design and labor perspective, to simply get new wood (ex: wood from a 6-foot (1.8 m) deck being used ...
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]
In the last six months average 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 ...
In 1996, the United States and Canada reached a five-year trade agreement, The Softwood Lumber Agreement, officially ending Lumber III. Under its terms, Canadian lumber exports to the United States were limited to 14.7 billion board feet (34.7 million cubic meters) per year. However, when the agreement expired on April 2, 2001, the two ...