Lumber futures dropped to $604.50 per 1,000 board feet on Wednesday to extend lumber’s price slump of about -47% this year.

“Lumber Markets Probing for a Floor”

Kevin Mason, managing director of ERA Forest Products Research, said, “Lumber markets are probing for a floor…” amid concerns for lower home sales volume and rising interest rates throughout this year.  (Rising interest rates push lumber prices lower.)

Lumber prices have fallen by -47% from a recent high in early March, according to 

An important question for you.  Spring 2022 is here…have you completed your 2022 Real Estate Business and Lead Generation Plan? If not, no worries. We have done the hard work for you. Download your 2022 REAL ESTATE TREASURE MAP! Text HARRIS to 47372. It’s that simple and takes 3 seconds. Text HARRIS to 47372 and when you do we will instantly text you back with a link to download. BONUS: For a limited time when you text HARRIS to 47372 you will also receive a Coaching Call!

4 Msgs/Month. Reply STOP to cancel, HELP for help. Msg&data rates may apply. Terms & Privacy:

Volatility in Lumber Prices

Lumber prices have seesawed since the onslaught of the pandemic.  In May 2021, lumber futures hit an all-time high of $1,544/1,000 board feet and by August of 2021, lumber prices plunged back down to less than one-third of that peak price.

On top of lumber as a commodity in and of itself, labor shortages, insufficient warehouse space and a big uptick in new home construction starts have all contributed to the wide price swings for lumber

First American economist Xander Snyder pointed to pricing uncertainty and the escalation of overall costs for builders. In fact, the cost of construction industry goods and materials (lumber, concrete, drywall, etc.) increased nearly +12% in April 2022 y/y, according to the federal government’s Producer Price Index. 

Mason speculated that lumber prices may drop into the range of $400/1,000 board feet over the next two months.

URGENT: Are You Worried About Having A Slower Start To The Year? Don’t Hit The Panic Button, Learn How To Have Massive Success In A Shifting Market. When You Attend This Exclusive Training You Will Learn 17 Surprising Secrets Of The Top 100 $ Millionaire Agents. Claim Your FREE Spot Now. After You Have Attended This Event You Will Experience A Huge Feeling Of Relief Knowing You Will FINALLY Laugh At Your Money Worries – You Will Have Your Own Personalized 2022 Step-By-Step Business And Lead Generation Plan. Learn Now How To Generate 100’s of Motivated Leads for FREE, Without Coming Off As A Pushy Salesperson and Losing Your Soul. You Will Soon Know How To Become One of the 1000s of Agents Making HUGE Money In This Changing Market. Claim your FREE spot now. YES, I Want To Attend The FREE Webinar! <——Click To Register

P.S. Free Webinar, Limited Space. Less Than 300 Spots Still Available. 

Thanks to Bloomberg and Inman.

Claim Your FREE Real Estate Treasure Map!