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Lumber Prices Heading Up This Summer … Or Not

With so many factors at play, getting a clear call on the immediate future is next to impossible.

By Erik Sherman | April 26, 2022 at 08:40 AM

Where are lumber markets going? Some insist prices will be up this summer, some say maybe down a bit. The only certainty is its lack, and that lack of clarity is in abundance because today’s lumber market is unlike previous incarnations.

Currently, spot prices are just over $1,000 per thousand board feet. Futures markets, the bets on where prices will land over the next few months, closed out last week at $935.60. It would sound like prices were heading down. But, again, current conditions are causing a lot of cloudiness in crystal balls.

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