Recently, wood dipped from a peak of $649 in May of 2018, due to "wood-boring beetles, wildfires and tariffs on Canadian imports. Home builders groused about thousands of dollars per house in added costs."
Read the full article from The Wall Street Journal.
Estimated reading time: 0 minutes, 25 seconds
Surge in Home Constriction Lifts Lumber Costs
A recent housing construction boom, the biggest since 2006, is driving up lumber prices. So reports The Wall Street Journal.
Lumber futures slated for March delivery closed at $422.30 per 1,000 board feet on the Chicago Mercantile Exchange; wood for May was a fraction of a dollar higher.
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