Prices and Trends in the U.S. Framing Lumber Market

The National Association of Home Builders
August 26, 2024
Category: Finance & Economics
Region: Canada, United States

The framing lumber composite price rose 1.5% during the week ending Aug. 23. After dropping to their lowest level since April 2020, lumber prices have now risen for six consecutive weeks. NAHB continually tracks the latest lumber prices and futures prices, and provides an overview of the behaviors within the U.S. framing lumber market. …The Random Lengths framing lumber composite price rose 1.5% from the previous week (Prices are up 7.0% in the past month, but they are still 6.8% lower than one year ago. Thus far, 2024 has been the least volatile year for lumber prices since 2019). The price of lumber futures fell 4.4%, and the continue trading at a premium of over $100 (Prices are 1.9% lower than a year ago). The structural panel composite price rose 0.8% from the previous week (OSB prices increased 0.9%. Western Fir plywood prices were flat. Southern Yellow Pine plywood prices increased 2.0%.)

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