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Spot lumber prices have plummeted 75% from their May 2021 record high of $1,514 per thousand board feet to just $366 this week, roughly matching pre-pandemic levels, according to Random Lengths ...
Lumber prices took another dip, falling by more than 50% over the past few months. However, CNBC reported that homeowners, homebuilders and homebuyers hoping to renovate aren't seeing any savings....
In just one year, the price of lumber has increased a whopping 377%. A boom in home renovations, combined with an increase in disposable income stemming from the coronavirus pandemic, caused ...
Random-length lumber futures and options are traded on the Chicago Mercantile Exchange, and western SPF is the type of lumber specified in the trading specs. [3] The term random length is used because even though all the boards are 2x4s, the lengths can be between 2.4 and 6.1 metres (8 and 20 ft).
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]
Re-sawing is the splitting of 1-to-12-inch (25–305 mm) hardwood or softwood lumber into two or more thinner pieces of full-length boards. For example, splitting a 10-foot-long (3.0 m) 2×4 ( 1 + 1 ⁄ 2 by 3 + 1 ⁄ 2 in or 38 by 89 mm) into two 1×4s ( 3 ⁄ 4 by 3 + 1 ⁄ 2 in or 19 by 89 mm) of the same length is considered re-sawing.