{"id":80994,"date":"2021-07-19T08:32:54","date_gmt":"2021-07-19T08:32:54","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/n-american-lumber-prices-lose-2021-gain-demand-dropping-record-boom\/"},"modified":"2025-09-19T08:55:49","modified_gmt":"2025-09-19T08:55:49","slug":"n-american-lumber-prices-lose-2021-gain-demand-dropping-record-boom","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/n-american-lumber-prices-lose-2021-gain-demand-dropping-record-boom\/","title":{"rendered":"N. American lumber prices lose all 2021 gain, with demand dropping after record boom"},"content":{"rendered":"<p><em>North American lumber, which at one point was among the world\u2019s best-performing commodities as the pandemic sent construction demand soaring and stoked fears of inflation, has officially wiped out all of its staggering gains for the year.<\/em><\/p>\n<p>Prices at last Monday\u2019s close are now down 0.6% for the year as demand eases and supply expands in response to earlier gains. The rally turned a common building product into a social media sensation and a flash point in the debate over U.S. monetary policy. At one point, lumber futures were trading as high as $1,733.50 per thousand board feet, more than quadruple the level of a year earlier.<\/p>\n<p class=\"paywall\">Lumber\u2019s drop is among the most dramatic examples of the easing in commodity prices after\u00a0rallies\u00a0in raw materials from copper to corn earlier this year fueled concern that rising costs would undercut the economic recovery. U.S. Federal Reserve Chair Jerome Powell last month\u00a0cited lumber\u2019s decline\u00a0as evidence that price pressures will cool as supply bottlenecks from the reopening economy are worked out and stimulus fades.<\/p>\n<p class=\"paywall\">\u201cThe sheer expense has taken many people out of the market,\u201d said Jamie Greenough, investment and commodities futures adviser for brokerage PI Financial in Vancouver.<\/p>\n<p class=\"paywall\">Lumber for September delivery fell 5.6% Monday to $712.90 per thousand board feet on the CME.<\/p>\n<div id=\"desktop-in-article-1-QW56EST0AFB701\" class=\"desktop-in-article paywall\" data-position=\"desktop-in-article\">\n<p class=\"paywall\">Prices have declined on rising inventory levels and a \u201csignificant drop\u201d in lumber demand at large retail stores, where do-it-yourself home renovators typically make their purchases, said Westline Capital Strategies Inc. Chief Executive Officer Greg Kuta, whose Ohio-based firm specializes in lumber-trading strategies. Lower renovations have made more wood available for home builders to buy, which has helped to pressure prices lower, Kuta said.<\/p>\n<p class=\"paywall\">The market has even shrugged off more than 300 simultaneous wildfires and\u00a0rail car gridlock\u00a0in major producing region British Columbia in Western Canada.<\/p>\n<p><a href=\"https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber-prices-11.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-26416\" src=\"https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber-prices-11-300x168.jpg\" sizes=\"auto, (max-width: 559px) 100vw, 559px\" srcset=\"https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber-prices-11-300x168.jpg 300w, https:\/\/timberindustrynews.com\/wp-content\/uploads\/2025\/09\/lumber-prices-11.jpg 620w\" alt=\"\" width=\"559\" height=\"313\" \/><\/a><\/p>\n<p class=\"paywall\">Still the current price level is historically high. Since the 1990s, lumber futures have mostly traded between $200 to $400 per thousand board feet, with the exception of 2018 when they shot above $600. This \u201cmassive corrective free fall\u201d indicates the market is resetting to reflect supply-demand expectations for the rest of the year, according to Kuta.<\/p>\n<p class=\"paywall\">Historically high prices for lumber threaten to keep housing costs high in North America for the foreseeable future. Lumber prices are undergoing a \u201cparadigm shift\u201d and are in the process of determining a new and much higher average price level as a result,\u201d Kuta said.<\/p>\n<p class=\"paywall\">\u201cI think lumber futures prices will continue to see severe, two-sided volatility vacillating in a more extreme price range of $550 to $1,200 for the remainder of 2021,\u201d Kuta said in an email. \u201cBut any attempt to break back above the $1,000 level should be aggressively sold by lumber producers.\u201d<\/p>\n<p class=\"paywall\">Lumber prices could find a \u201cnear-term floor around $700\u2013$800 before moving higher again ahead of the fall construction season,\u201d citing \u201ca very disruptive fire season\u201d as a likely upside catalyst for prices, ERA Forest Products Research said in a June 30 note.<\/p>\n<p class=\"paywall\">Paul Quinn, an analyst for RBC Capital Markets, said it is typical for prices to drift lower during the summer months, make a small rally in September, and drop again in November.<\/p>\n<p class=\"paywall\">\u201cWe think 2022 spring prices will see a similar run as 2021, though likely not as high given the incremental capacity adds,\u201d Quinn said, noting that new home construction demand is still accelerating. \u201cWe still expect prices will be higher than long-term averages going forward.\u201d<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>North American lumber, which at one point was among the world\u2019s best-performing commodities as the pandemic sent construction demand soaring and stoked fears of inflation, has officially wiped out all of its staggering gains for the year. Prices at last &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/n-american-lumber-prices-lose-2021-gain-demand-dropping-record-boom\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/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":[3945,3405],"class_list":["post-80994","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-north-america","topic-forestry","topic-industry-prices","topic-sawmilling","topic-wood-construction","area-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>N. 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