U.S. softwood lumber prices fell 23% in June

Industry News

The prices of U.S. goods used in residential construction climbed 1.5% in June (not seasonally adjusted) even as softwood lumber prices fell 23%, according to the latest Producer Price Index (PPI) report. Prices have surged 41.7% since January 2020. Building materials (i.e., goods inputs to residential construction, less energy) prices have increased 4.8%, year-to-date, and are…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Logging ‘export opportunity’ remains despite fears of local timber shortage
Strong US consumer spending, inflation readings put Fed in tough spot
Thousands of Atlanta homes sit vacant amid housing crisis, data shows
Family-owned Robbins Lumber acquires two sawmills
Housing Market Tracker: Mortgage rates over 7%