Lumber Prices Reach All-Time High
(MENAFN - Baystreet.ca) The home-renovation boom is pushing lumber prices to record highs. Lumber futures climbed to a record $1,004.90 U.S. per 1,000 board feet, rising for the eighth trading session in nine this month. Prices have now climbed 40% year-to-date as supply constraints tighten, fueling concerns for home builders across North America. Lumber prices have been spurred by strong demand amid a boom in home remodeling and construction fueled by stay-at-home orders. The strong demand has hampered producers' abilities to restock inventories, pushing prices higher and higher. The cu...
Source: menafn.com