Lumber prices hit an all-time low after homebuilder sentiment tumbled for the twelfth straight month in December. The building commodity peaked at $1,336 per thousand board feet in late February, but has settled to around $379, as of Dec. 22, to its lowest level since the pandemic in June 2020. The price of lumber is down…
Lumber Prices Hit 2022 Low as Homebuilder Sentiment Collapses
December 23, 2022
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Business & Marketseconomic policieseconomyhome builder sentimentinflationlumber pricesmortgage ratereal estaterecessionUSUS Real Estate
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Lumber Prices Crash Amid Elevated Home Prices
Lumber prices have drastically fallen this year as the industry grapples with the consequences of high home prices. Lumber is trading at $608.6 per thousand board feet as of June 1, which is over 54 percent below the Jan. 13 peak of $1,329. Kevin Mason, managing director of ERA Forest Products Research, believes that lumber…
Lumber Prices Drop Below $1,000 After Skyrocketing to ‘Nosebleed’ Highs In May
Lumber prices have continued to decline after soaring by around 300 percent over the year in May, when they hit record highs and added around $36,000 to the cost of an average new single-family home. As sawmills have ramped up output and buyers put off purchases, both spot lumber prices and futures contracts have seen…
Soaring Lumber Prices Add Nearly $36,000 to the Price of a New Home: NAHB
Skyrocketing lumber prices that have tripled over the past 12 months have driven the price of an average new single-family home to rise by $35,872, according to new analysis by the National Association of Home Builders (NAHB), with the price spike threatening to hobble the momentum of the U.S. housing market, one of the bright…
Soaring Lumber Prices Add Nearly $36,000 to Cost of New Home: NAHB
Skyrocketing lumber prices that have tripled over the past 12 months have added $35,872 to the cost of an average new single-family home, according to new analysis by the National Association of Home Builders (NAHB), with the price spike threatening to hobble the momentum of the U.S. housing market, one of the bright stars of the recovery…
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