Rising demand stemming from a surge of do-it-yourself projects from consumers working at home coupled with restricted supply due to US lumber mills operating at a diminished capacity have led to a recent upsurge in lumber prices. The latest Random Lengths Framing Composite Price for the week ending May 15 rose by 6.3% to $406 per thousand board feet — the first time the index topped $400 since March 20, 2020. Framing lumber prices have increased 13% since May 1 — the largest two-week increase in over a decade and ...
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