{"id":81314,"date":"2021-10-12T07:00:27","date_gmt":"2021-10-12T07:00:27","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/lumber-prices-us-rising-fast\/"},"modified":"2025-09-19T08:56:15","modified_gmt":"2025-09-19T08:56:15","slug":"lumber-prices-us-rising-fast","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/lumber-prices-us-rising-fast\/","title":{"rendered":"Lumber prices in US are rising again fast"},"content":{"rendered":"
\n

On Friday, the price per thousand board feet climbed another 5% to $494. Since bottoming out at $389 per thousand board feet on Aug. 27, the \"cash\" market price of lumber has swung back up 27%.<\/em><\/p>\n

While percentage-wise prices are rising fast again, they're still far below the levels reached this spring. At the height of\u00a0the lumber bubble, prices topped out at a\u00a0record $1,515 price per thousand board feet\u00a0in May. But this recent bounce does represent a clear trajectory change for lumber, which spent much of the summer in a free fall after homebuilders and do-it-yourselfers alike balked at exorbitant prices.<\/p>\n

Why are prices rising again?<\/strong><\/p>\n

\n

A lot of it is due to pent-up demand\u2014which got priced out this spring\u2014returning to buy wood now that\u00a0prices are reasonable again.<\/p>\n

It seems that buyers started to replenish after weeks on the sidelines.<\/p>\n

That includes homebuilders. Indeed,\u00a0housing starts\u00a0in August climbed 4% to 1.6 million. That's not far off from the 14-year high of 1.7 million reached in March\u2014a level that caused stress on sawmills and was a key contributor to\u00a0the lumber run.<\/p>\n

Rebounding demand isn't coming from homebuilders alone: When lumber prices hit their bottom in August, many DIYers rushed back to lumberyards.\u00a0And it might get even busier: A recent poll by\u00a0Expertise.com\u00a0finds 65% of U.S. adults who delayed a home project this year because of high lumber prices are planning to restart their projects now that costs are back down.<\/p>\n

There's also a shift occurring on the supply side. The Pacific Northwest and British Columbia\u2014the epicenter of North American lumber\u2014were hard hit by wildfires this summer. That has led to\u00a0some sawmills temporarily shutting down.<\/p>\n

\"Mill curtailments, particularly in British Columbia, were a major factor in the trend reversal,\" Church says.<\/p>\n

Going forward, the big question is, will prices continue to rise? Traders seem to think so. As of Friday,\u00a0the futures price\u00a0for thousand board feet in January 2022 is $664. That's $170, or 34%, above the current \"cash\" market price.<\/p>\n

In the years prior to the pandemic, lumber prices usually fluctuated in the range of $350 to $500. Last month we were at the lower end of the spectrum ($389). Now we're at the high end ($494). If the $664 futures price materializes in the cash market, we'd again be back to elevated lumber prices.<\/p>\n

While industry insiders expect prices to continue to rise this fall, it's very unlikely we'd see another lumber run like the one this spring. The dropoff in demand this summer, which got sidelined by record prices, gave the lumber supply chain breathing room to catch up. That means the supply shocks caused by the 2020 lockdowns (a.k.a. sawmills temporarily shutting down) are finally in the rearview mirror.<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

On Friday, the price per thousand board feet climbed another 5% to $494. Since bottoming out at $389 per thousand board feet on Aug. 27, the “cash” market price of lumber has swung back up 27%. While percentage-wise prices are … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59318,"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":[3945,3252],"class_list":["post-81314","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-us","topic-forestry","topic-industry-prices","topic-sawmilling","topic-wood-construction","area-north-america"],"acf":[],"yoast_head":"\nLumber prices in US are rising again fast - 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\/lumber-prices-us-rising-fast\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lumber prices in US are rising again fast - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"On Friday, the price per thousand board feet climbed another 5% to $494. 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