Lumber Prices Stay Stable

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Home builders can expect lumber prices to remain fairly stable for 2009, and they're now at levels about one-third lower than they were at the height of the housing boom, according to reports from Random Lengths.

October 01, 2009

Home builders can expect lumber prices to remain fairly stable for 2009, and they're now at levels about one-third lower than they were at the height of the housing boom, according to reports from Random Lengths

The Random Lengths Framing Lumber Composite Price has been hovering in the $230 to $240 range (per thousand board feet) since mid-June, which reflects a 15 percent increase since the low point earlier this year. But it's still down from prices a year ago that were in the $260 to $270 range. The Random Lengths Structural Panel Composite Price was higher, most recently reported to be $273, down from the year-ago price of $316.
 
Reed Construction Data Chief Economist James Haughey says that no significant increases are expected for the balance of 2009. However, he said, a “slow but steady rise is expected in 2010 when construction spending is again expanding.”

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