Lumber Prices Notch Records on Building, Remodeling Boom

By Ryan Dezember
The Wall Street Journal
February 16, 2021
Category: Finance & Economics
Region: Canada, United States

Lumber prices have shot to fresh records, defying the normal winter slowdown in wood-product sales in a sign that the pandemic building boom is bowling into 2021. Records have been set across species, products and grades, according to pricing service Random Lengths. It has never cost more to buy OSB, Southern yellow pine, which is favored for fences and decks, or ponderosa pine, which is popular in cabinetry and interior trim. Many engineered wood products used in new construction, and mills are backlogged with orders well into March. Last week, its Random Lengths Framing Lumber Composite price rose to $966 per thousand board feet, exceeding the $955 high set in September. …Now, a severe cold snap that settled over much of the continent is disrupting lumber deliveries from Canada while dealers and retailers are stocking up for spring. Strong wood prices in Europe have prevented a flood of imports from dousing price rally. [We respect the copyrights of the source publication – full access may require a subscription]

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