Lumber Prices are Up (So is Construction)

Lumber

Carpe Diem:

In another sign of housing market recovery, framing lumber prices have been rising lately and reached $347 per 1,000 board feet last week, which was the highest level since early May 2010 (see blue line in chart). And except for a sharp, temporary spike in lumber prices for about four weeks in April-May 2010, the $347 price is the highest since May of 2006, more than six years ago.


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