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October 15, 2021

Recent resurgence in US lumber prices expected to continue through early 2022

The price of lumber has seen a resurgence, which analysts expect will continue through early 2022.  One of the pandemic's hottest commodities is staging a comeback, rising 50% since August and gaining for the sixth consecutive week.  The price of lumber - after steadily declining since its all-time high in May - is expected to continue to tick higher through early next year, experts told Insider.  Lumber futures as of October 8 were hovering around $713 per thousand board feet - still 58% lower than the record high of $1,711 achieved in May as ...

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