{"id":81400,"date":"2021-10-28T05:52:40","date_gmt":"2021-10-28T05:52:40","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/us-lumber-price-rise-7th-consecutive-week\/"},"modified":"2025-09-19T08:56:21","modified_gmt":"2025-09-19T08:56:21","slug":"us-lumber-price-rise-7th-consecutive-week","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/us-lumber-price-rise-7th-consecutive-week\/","title":{"rendered":"US lumber price rise for the 7th consecutive week"},"content":{"rendered":"
\n

For the seventh consecutive week, US lumber prices are up.<\/em><\/p>\n

Since bottoming out at $389 per thousand board feet in August, framing lumber in US is up 40% to $545. While that \"cash\" market price is still well below the\u00a0lumber bubble's\u00a0peak of\u00a0$1,515 in May, it does put lumber prices back in the expensive territory: Prior to the pandemic, the price usually swung between $350 to $500.<\/p>\n

\"We expect prices to climb back into the $700s as demand continues [to return],\" Scott Reaves, director of forest operations at Domain Timber Advisors.\u00a0Wall Street is even more bullish: As of Friday,\u00a0the lumber futures price\u00a0for delivery of a thousand board feet in November is up to $772. If the cash market reaches that level, it would mark a 98% uptick from the August bottom.<\/p>\n

Simple economics\u00a0popped the lumber bubble: Once wood prices got\u00a0up 300% above their pre-pandemic levels, buyers refused to buy. But as prices started to plummet this summer, buyers didn't rush back in. After all, why would they when some media outlets\u00a0said the correction would continue? However, once prices bottomed out this summer, buyers finally returned. That pent-up demand coming back into the market, Reaves says, is helping to drive up the price.<\/p>\n

\"\"<\/a><\/p>\n

But that's not the only reason. On the supply side, things quickly went from a historic lumber shortage to a supply glut this summer once buyers backed off. Of course, getting back into tighter supply levels is in the best financial interest of sawmills. (At the height of the lumber bubble, combined profits of the five largest publicly traded lumber producers were up over 2,000%.) That's exactly what has happened: In the face of a supply glut, coupled with\u00a0a bad wildfire season in the U.S. Pacific Northwest and British Columbia, many sawmills have\u00a0curtailed production in recent months. This tighter level of supply is also helping to put upward pressure on prices.<\/p>\n

\"\"<\/a><\/p>\n

While industry insiders don't foresee another\u00a0spring 2021\u2013type lumber run, they say\u00a0this recent jump could continue into 2022.<\/p>\n

\"We expect the demand for lumber to continue increasing through 2022 and beyond in response to demographically driven housing needs, which will bode well for not only lumber mills but forestland owners,\" Reaves says.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

For the seventh consecutive week, US lumber prices are up. Since bottoming out at $389 per thousand board feet in August, framing lumber in US is up 40% to $545. While that “cash” market price is still well below the\u00a0lumber … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":61607,"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-81400","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":"\nUS lumber price rise for the 7th consecutive week - 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-price-rise-7th-consecutive-week\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US lumber price rise for the 7th consecutive week - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"For the seventh consecutive week, US lumber prices are up. 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