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Lumber. Wood cut from Victorian Eucalyptus regnans. The harbor of Bellingham, Washington, filled with logs, 1972. Lumber is wood that has been processed into uniform and useful sizes (dimensional lumber), including beams and planks or boards. Lumber is mainly used for construction framing, as well as finishing (floors, wall panels, window frames).
The board foot or board-foot is a unit of measurement for the volume of lumber in the United States and Canada. It equals the volume of a board that is one foot (30.5 cm) in length, one foot (30.5 cm) in width, and one inch (2.54 cm) in thickness, or exactly 2.359 737 216 liters. Board foot can be abbreviated as FBM (for "foot, board measure ...
A PSL block. Parallel-strand lumber (PSL) is a form of engineered wood made from parallel wood strands bonded together with adhesive. It is used for beams, headers, columns, and posts, among other uses. The strands in PSL are clipped veneer elements having a least dimension of not more than inch (6.4 mm) and an average length of at least 300 ...
Plank (wood) A plank used in the repair of a ship. A plank is timber that is flat, elongated, and rectangular with parallel faces that are higher and longer than wide. [1] Used primarily in carpentry, planks are critical in the construction of ships, houses, bridges, and many other structures. [2] Planks also serve as supports to form shelves ...
Real versus nominal value. The distinction between real value and nominal value occurs in many fields. From a philosophical viewpoint, nominal value represents an accepted condition, which is a goal or an approximation, as opposed to the real value, which is always present.
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 ...