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Production uptick sparks 7% dip in US lumber market rates
Posted on August 18, 2023 |
Lumber prices experience a notable decline, registering a 7% drop during the week concluding on August 4.
This reduction is significant when compared to the preceding week's median price of $458.
Over the past month, lumber costs stood at US$455 mfbm, highlighting a decrease of $29 or 6% in the current week's pricing.
In contrast to the same week in the previous year, where lumber was valued at $610 mfbm, the current week's price reflects a substantial 30% decrease, equivalent to $184.
Furthermore, when compared to two years prior, when lumber prices were at $539 mfbm, the present week's price showcases a decline of 21%.