{"id":80805,"date":"2021-06-04T09:44:06","date_gmt":"2021-06-04T09:44:06","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/us-lumber-prices-continue-drop-signaling-boom-may-easing\/"},"modified":"2025-09-19T08:55:35","modified_gmt":"2025-09-19T08:55:35","slug":"us-lumber-prices-continue-drop-signaling-boom-may-easing","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/us-lumber-prices-continue-drop-signaling-boom-may-easing\/","title":{"rendered":"US lumber prices continue to drop signaling boom may be easing"},"content":{"rendered":"
\n

The surge of US lumber prices has dropped from records for the first time in months, adding to signs that a historic rally may be ending<\/em><\/p>\n

A benchmark of Western spruce, pine and fir lumber prices declined for the first time in 18 weeks, CIBC analyst Hamir Patel said Friday in a note titled \u201cLumber Pricing Decline Now Clearly Underway,\u201d citing data from trade publication Random Lengths.<\/p>\n

The drop comes on top of a tumble in lumber futures, which have fallen as much as 30% from an all-time high reached earlier this month. Sawmills appear to be catching up with the voracious home building demand in North America that fueled a months-long rally, with vaccinated Americans starting to take vacations again rather than spending on renovations and building projects shelved due to high prices and material shortages.<\/p>\n

\u201cWe\u2019re seeing demand slow down and more supply coming to the marketplace,\u201d said Josh Goodman, vice president of purchasing for Sherwood Lumber Co. in New York. \u201cWe\u2019re definitely buying less.\u201d<\/p>\n

The lumber wholesaler typically holds 45 to 60 days worth of inventory, but now that market dynamics appear to be easing and prices are expected to fall lower, the company is keeping just 30 to 35 days worth on hand.<\/p>\n

Random Lengths reported that the price of Western spruce-pine-fir dropped 1.8% to $1,600 per 1,000 board feet this week, according to CIBC. Southern yellow pine two-by-fours slumped 5.8%, while the Random Lengths Composite dropped 1% below a record high, Patel said.<\/p>\n

Lumber futures on Chicago Mercantile Exchange are on course for a monthly decline after touching a record high earlier in May.<\/p>\n

Though there are signs that home renovations are easing and U.S. lumber supplies are rising, demand is still strong and buyers will have to return to the market relatively soon, according to Patel. This could keep prices above $1,000 per 1,000 board feet throughout 2021, he said.<\/p>\n

For now, wholesalers who supply lumber yards have reduced the amount they\u2019re buying at high prices in hopes that the decline will continue.<\/p>\n

\u201cThere\u2019s no more crazy panic in the streets,\u201d Goodman said. \u201cBut things can change very quickly.\u201d<\/p>\n<\/div>\n

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The surge of US lumber prices has dropped from records for the first time in months, adding to signs that a historic rally may be ending A benchmark of Western spruce, pine and fir lumber prices declined for the first … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715,4714],"tags":[3945,3432,3252],"class_list":["post-80805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","category-wood-industry-prices","tag-lumber-prices","tag-softwood-lumber","tag-us","topic-forestry","topic-industry-prices","topic-sawmilling","area-north-america"],"acf":[],"yoast_head":"\nUS lumber prices continue to drop signaling boom may be easing - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/us-lumber-prices-continue-drop-signaling-boom-may-easing\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US lumber prices continue to drop signaling boom may be easing - 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