WebDec 16, 2024 · The NAHB estimated that between mid-April and mid-August, the price of the average new house jumped $16,148 just because of more expensive wood. And again, we are approaching those August lumber ... WebMar 20, 2024 · As of March 23, lumber futures have gone down to $1,054, primarily because of the slowing real estate market. While housing demand is still higher than before the pandemic, new sales have declined due to increasing mortgage rates and house prices that discouraged first-time buyers.
Wood Woes 2024: When Will Lumber Prices Return to Normal?
WebBoard feet prices 254% higher than pre-COVID price levels. “Futures markets suggest that lumber will remain above $1,000 per thousand board feet through September 2024,” Logan said at the time of this writing. NAHB doesn’t officially forecast commodities prices, so pointing to futures prices is the best Logan and other industry observers ... WebAug 8, 2024 · The cost of all untreated framing lumber has gone up 50% since February or March, Hayes said, while the cost of treated lumber increased at least 50%. “It’s a mess. Fortunately it hasn’t ... crossfit guntersville
Will lumber prices go down in 2024? Simonson Lumber
WebJun 17, 2024 · It’s also worth pointing out that lumber prices in 2024 are the result of the pandemic stressing supply chains. That includes a lack of workers to move products, as well as demand increasing due ... WebSep 23, 2024 · Are lumber prices going down? For most: Absolutely! A recent report showed that same metric, the price per thousand board feet, down more than 70% at $495 in … WebJan 12, 2024 · Lumber prices fell in advance of this significant slow-down, with MarketWatch reporting in late September 2024 that prices had fallen by over 60%. Our experts at Simonson say current lumber prices (as of December 2024) are “very low;” … maple legion