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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 ...
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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]
Each index measures price changes from a reference period defined to equal 100.0. Currently, some PPIs have an index base set at 1982 = 100, while the remainder have an index base that corresponds with the month prior to the month that the index was introduced. BLS measures price change in relation to that figure.
Dimensional lumber made from softwood is typically used for construction, while hardwood boards are more commonly used for making cabinets or furniture. Lumber's nominal dimensions are larger than the actual standard dimensions of finished lumber. Historically, the nominal dimensions were the size of the green (not dried), rough (unfinished ...
In the narrow sense of the terms, wood, forest, forestry and timber/lumber industry appear to point to different sectors, in the industrialized, internationalized world, there is a tendency toward huge integrated businesses that cover the complete spectrum from silviculture and forestry in private primary or secondary forests or plantations via the logging process up to wood processing and ...
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