Lumber prices jumped 5% to more than $1,000 for the first time since mid-June on Thursday. Lumber is 41% below its record high, while its up 127% from its recent low. Driving the volatile lumber prices is steady demand for homes combined with dwindling supply. Lumber prices surged 5% on Thursday to $1,024, jumping back above the $1,000 per thousand board feet level for the first time since mid-June as the commodity experiences heightened volatility amid supply chain issues and steady demand from home builders ...
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