Lumber prices have been on the rise for the past few years, but recent reports indicate that lumber prices have already started to fall. This is great news for business owners and consumers alike, as it will help to keep costs down across a variety of industries. In this blog post, we will take a closer look at lumber price trends and what this could mean for businesses in the near future.
Lumber Prices Have Already Started Falling – Here’s when You’ll See it
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Lumber prices have been volatile and high for years, but things are starting to change. There are pressures that are going to push down on lumber prices bringing them down to a new normal. In this video I explain what is going on, when you will see lower prices and whether it will last.
Lumber prices aren’t dropping as fast as futures. WHAT’S UP WITH THAT?
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Are Lumber Prices Going Down?
Yes, lumber prices have already started to fall.
The futures price started falling in 3/7/22 and has continued to fall since then.
The lumber market is very seasonal, so prices typically start to fall this time of year anyway.
But the bigger story is that lumber prices have been falling more than they typically do at this time of year.
Why?
There are a few reasons:
– The U.S. housing market is slowing down. This means that lumber demand is falling.
– The U.S. dollar has been getting stronger lately. This makes lumber more expensive for buyers using other currencies, so they’re buying less of it.
– There’s been a big increase in lumber production recently, thanks to all the new sawmills that have opened up.
What Are The Current Lumber Prices?
As of 6/13/22 the lumber futures price is $555.90 per thousand board feet.
How much is a 2X4 at Home Depot?
You can buy a 2X4X8 at Home Depot for $4.48-$5.25 right now.
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