Lumber futures were trading at $454 per thousand board feet Monday after ascending to $539 per thousand board feet the week earlier, according to numbers tracked at Nasdaq.com. Continue reading
In an Aug. 8 video to agents sure to cause a stir, Altos Research founder and CEO Michael Simonsen posits that the worst the industry may face is a contraction, not a crash. Continue reading
The price of lumber took a big dip to start the week, just the latest unexpected shift in the cost of building a new home. Continue reading
Booming buyer demand, withering US lumber supplies and a tariff hike on Canadian softwood have pushed lumber prices to a pandemic high, with sales contracts closing at $950 Wednesday. Continue reading
Builders got a break in August from the price increases of previous months, but the unpredictable swings in costs remained unwelcome. Continue reading
The recent onslaught of wildfires and accompanying smoke blanketing many states are combining with the pandemic with deadly results. It is not just personal health that is being affected — there are significant implications for real estate as well. Continue reading
Despite a decline in starts, which reflected curbed confidence in June amid mellowing lumber prices, experts said gains made in permit applications were a positive sign. Continue reading
Even though lumber prices have ticked down a bit recently, they’re still drastically up from where they were last year. So, what’s happening? Here’s a breakdown. Continue reading
Lumber prices remain high, but builders say a host of factors prevents them from switching to other materials. Continue reading
After soaring lumber prices fueled conspiracy theories this spring, and challenged homebuilders faced with an inventory shortage, prices are starting to come down. Continue reading