Lumber prices fall to a new low this year as reality sets in that the housing market is ‘going back to normal’

Industry News

Lumber prices continued their descent on Wednesday, falling as much as 5% to a new 2022 low of $495 per thousand board feet. The essential building commodity has seen a wild ride since the start of the COVID-19 pandemic, with prices peaking at a record high of $1,733 per thousand board feet as demand for…

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