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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 ...
For example, in the first quarter of 2016, the PPI for final demand increased 0.5 percent because the index levels were 109.7 in March 2016 and 109.1 in December 2015. The percent change is calculated as: 109.7 - 109.1 = 0.6 0.6 ÷ 109.1 = 0.005 0.005 × 100 = 0.5 percent [9]
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]
An example of planed lumber is softwood "two by four" lumber sold by large lumber retailers, nominally 2 by 4 inches (50 mm × 100 mm). The 2 × 4 is actually only 1 + 1 ⁄ 2 in × 3 + 1 ⁄ 2 in (38 mm × 89 mm), but the dimensions for the lumber when purchased wholesale could still be represented as full 2 × 4 lumber, although the "standard ...
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.