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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 ...
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]
2 × 8: 1 + 1 ⁄ 2 × 7 + 1 ⁄ 4: 38 × 184 ... time required for engineering and ordering, and a cost higher than the dimensional lumber needed if the same project ...
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%. [52] [53]
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