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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 ...
In spite of inflation slowing to a rate of 3.4% year-over-year in April, warehouse club Costco has increased prices on a few items that may surprise shoppers. Additional price hikes may also be in ...
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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 1961, at a meeting in Scottsdale, Arizona, the Committee on Grade Simplification and Standardization agreed to what is now the current U.S. standard: in part, the dressed size of a 1-inch (nominal) board was fixed at 3 ⁄ 4 inch; while the dressed size of 2 inch (nominal) lumber was reduced from 1 + 5 ⁄ 8 inch to the current 1 + 1 ⁄ 2 inch.
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Pacific Lumber (or PL, as locals have known it for generations) began during the heat of the US Civil War in 1863 when A. W. McPherson and Henry Wetherbee purchased 6,000 acres (24 km 2) of timberland on California's Eel River at the rate of $1.25 per acre. Over the ensuing 20 years they added more partners and began significant logging by 1882 ...