WebSep 27, 2024 · Lumber prices have dropped by more than 60% so far this year, but don’t count on a recovery soon. Higher interest rates and inflation will continue to slow … WebMay 14, 2024 · A national shortage of lumber has driven up costs for decking by as much as 150 percent in the past year. It is now significantly more expensive to build anything that uses wood, including ...

Will lumber prices go down in 2024? Simonson Lumber

WebJul 5, 2024 · The price of lumber is going down after setting an all-time record in May 2024. The bubble has burst! Lumber prices are finally coming back down to earth after a spring where they doubled, then ... WebJul 27, 2024 · After a meteoric rise to $1,670 per thousand board feet this May—up from $336.2 per thousand board feet about a year earlier—the price of lumber has started to set new records. Only this time around, it's for the biggest price fall in recorded history. On July 16, lumber futures hit a recent low of $536 per thousand board feet according to ... cherry pie with tart cherries

Lumber prices 2024 chart: Price of lumber drops, bursting

WebSep 27, 2024 · Lumber prices have dropped by more than 60% so far this year, but don’t count on a recovery soon. Higher interest rates and inflation will continue to slow demand for single-family homes. WebJun 4, 2024 · The price of wood has risen dramatically over the last year, driven to historically high levels due to a combination of coronavirus-related complications. COVID-19 slowed sawmill production in early 2024, lowering lumber inventory just before demand for housing and lumber ballooned in the summer. WebMar 23, 2024 · This commodity demand shock has pushed wood prices up to $1,044 per thousand board feet. For the new construction of single-family homes, buyers can expect to pay as much as $24,000 more based on ... flights mco to las vegas