Lumber Prices Down More Than 40% from May Peak

Ne Wenews 107x48

Lumber prices, which reached record-highs of $1,670 per thousand board feet in May, fell more than 40% in mid-June to around $900, according to the Wall Street Journal.

The plunge follows record price surges induced by limited supply mixed with soaring demand caused by the pandemic. Prior to the pandemic, lumber sold for around $400 per thousand board feet, according to Markets Insider.

A New York Times report cited a surge of sawmill activity to meet the demand as a factor for the recent price plunge, as well as a cooling in demand.

The surging cost of lumber over the past year has added nearly $36,000 to the price of a new single family home


Ne Wenews 107x48
Sign up to receive twice-weekly email updates on the news, trends and information shaping the wood flooring industry.


Page 1 of 796
Next Page
Resource Book
Looking for a specific product or a company? Wood Floor Business has the only comprehensive database of the industry.
Learn More
Resource Book
Podcasts
All Things Wood Floor, created by Wood Floor Business magazine, talks to interesting wood flooring pros to share knowledge, stories and tips on everything to do with wood flooring, from installation, sanding and finishing to business management.
Learn More
Podcasts