Lumber Prices Fall

Lumber prices more than doubled last year to touch a record high, but the rally has faded on the back of a rebound in supplies (Market Watch)

Lumber futures climbed 115% in 2020, after hitting a record settlement of $928.20 per 1,000 board feet on Sept. 1. Most of the lumber manufacturing supply chain initially shut down when the Covid-19 pandemic hit, creating a supply constraint, says Joe Sanderson, managing director of natural resources at Domain Timber Advisors…Many lumber manufacturers have since come back online, he says, leading to improved supply.