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Advertisement Lumber Prices Hit Record High, Threatening Housing s Momentum
As lumber prices continue to rise, home builders look for short- and long-term solutions to keep construction (and the economy) moving By Rich Binsacca February 16, 2021
The continuing escalation of softwood lumber prices have caused home builders to slow or stop projects.
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The price of softwood lumber reached a record high today of $966 per thousand board feet, according to the Random Lengths Framing Lumber Composite reflecting the highest volume-producing regions of the U.S. and Canada. The price tops the most recent peak of $955 set in September 2020 and continues a general pattern of escalation since initial COVID-19 stay-at-home restrictions were put into effect nearly a year ago.