That isn’t always guaranteed either. A combination of a boom in U.S. housing construction with a COVID-19-inspired explosion in home renovations that lumber producers still haven’t caught up with have pushed lumber prices to stratospheric highs, said Keta Kosman, publisher of the industry journal Madison’s Lumber Reporter. Madison’s last week quoted a price of $1,330 US for 1,000 board feet of Western Spruce, pine or fir two-by-fours, a standard measure in the industry, which would have cost $336 US a year ago. “For the past 15 years or whatever, lumber has not been sexy and now, suddenly, it’s a hot and really cool thing,” Kosman said. “An economist sent me lumber prices in Bitcoin, lumber prices in oil.”
Long a boring commodity, B.C. lumber prices soar to stratospheric highs Prices have more than tripled in the last year, hitting US$1,330 per 1,000 board feet
Author of the article: Derrick Penner
Publishing date: May 10, 2021 • 1 day ago • 3 minute read • The combination of a boom in U.S. housing construction with a COVID-19-inspired explosion in home renovations that lumber producers still haven t caught up with have pushed lumber prices to stratospheric highs, said Keta Kosman, publisher of the industry journal Madison s Lumber Reporter. Photo by ian lindsay /Vancouver Sun
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The sticker shock of lumber prices that have more than tripled in the last year has made Cameron Holden’s job of managing client expectations as a renovation contractor.
Why soaring lumber prices mean higher costs for renovators and homebuyers yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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