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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 ...
The price of lumber per thousand board feet is at $1,044, according to Random Lengths. That's an all-time high, and up 188% since the onset of the pandemic.
Lumber prices took another dip, falling by more than 50% over the past few months. However, CNBC reported that homeowners, homebuilders and homebuyers hoping to renovate aren't seeing any savings....
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]
As a result, the shortage and higher prices for lumber in 2021/2022 have increased inflationary pressures for American consumers. [ 51 ] On August 19, 2024, the US raised tariff rates on imports of Canadian softwood lumber products from 8.05% to 14.54%.
Stumpage is the price a private firm pays for the right to harvest timber from a given land base. It is paid to the current owner of the land. Historically, the price was determined on a basis of the number of trees harvested, or "per stump". Currently it is dictated by more standard measurements such as cubic metres, board feet, or tons. To ...