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Lumber’s price drop has been particularly dramatic in just the last 90 days in the futures market, with contract prices for July falling 28% to $466 per thousand board feet (futures prices are ...
"There is room to go lower, no doubt about it." In fact, prices undercut their early-2023 lows over the past week but bounced back about 3%-4% from those levels, he added. ... After lumber prices ...
Lumber is reported as price per 1,000 board feet, as this is the typical size used in the construction of homes and other buildings, and serves as an appropriate market gauge. As of this morning ...
The prices charged to harvest the timber (stumpage fee) are set administratively, rather than through the competitive marketplace, the norm in the United States. In the United States, softwood lumber lots are privately owned, and the owners form an effective political lobby.
Lumber prices are still up 100% from the spring of last year, reports CNBC. David Logan, senior economist at the NAHB, told CNBC that lumber prices being quoted to homebuilders is still at record ...
Lumber prices. Presently there is a healthy lumber economy in the United States, directly employing about 500,000 people in three industries: Logging, Sawmill, and Panel. [62] Annual production in the U.S. is more than 30 billion board feet making the U.S. the largest producer and consumer of lumber. [62]
Lumber prices have fallen 30% over the past two weeks, Business Insider reported, hitting a low of $934 per thousand board feet on Tuesday. That was down from $1,338 as recently as Jan. 14.
Parkev Tatevosian, CFA, The Motley Fool. July 6, 2024 at 4:44 AM. Fool.com contributor Parkev Tatevosian discusses how changing lumber prices could influence Home Depot 's (NYSE: HD) profits ...
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