Tag: Lumber

Slim supply of building materials had one builder chasing lumber truck | Business

Marling Lumber lumberyard manager Robbie Hurst said the last customer he knows of who found tongue-and-groove deck boards did so in an unorthodox way.

The customer spotted a semitrailer truck hauling a load of decking lumber down the highway and followed it. The customer tailed the semi for 10 miles until it reached its destination: a local Home Depot store.

“It was late at night, and the driver of the lumber truck just parked the vehicle,” Hurst said.

“The first thing the next morning, the customer rushed back out to that Home Depot and bought up all the deck boards

Read MORE

Largest Four-Month Lumber Price Increase in 70 Years Outweighs Other Price Declines in August

Facebooktwitterpinterestlinkedinmail

Prices paid for goods used in residential construction continued their upward trend in August, increasing 0.9% (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. It is the fourth consecutive monthly increase since the index declined three months straight and brings the index back to its pre-pandemic level. Prices of excluding energy increased 1.0% over the month.

The four-month increase is almost exclusively due to the dramatic rise in softwood lumber prices, which advanced 14.9% in August. Prices have increased nearly 50% since April, the largest four-month gain in the

Read MORE

Lumber shortages and prices are soaring amid tariffs, mill closures and a whole lot of DIY projects

Covering COVID-19 is a daily Poynter briefing of story ideas about the coronavirus and other timely topics for journalists, written by senior faculty Al Tompkins. Sign up here to have it delivered to your inbox every weekday morning.

I have done more DIY projects in the last five months than in the preceding five years. One thing I have noticed: Lumber prices are really high.

America started the year with lower than normal lumber supplies, then along came the pandemic that shut down mills and slowed imports. At the same time, while Americans are stuck at home, we have been

Read MORE

Lumber Prices Continue to Soar Due to COVID-19 Building Boom





© kali9/Getty Images






© kali9/Getty Images


According to new data from the National Association of Home Builders, lumber prices have risen to average more than $600 per thousand board feet. That marks a nearly 80 percent increase since April 2020.

High lumber prices negatively impact home builders and home buyers. Expensive framing lumber increases the cost of building homes, a cost that is then passed on to the buyer. The NAHB estimates that the recent hikes in lumber prices alone will add thousands of dollars to the cost of a standard new home.

Video: Wall Street points to a

Read MORE

Softwood Lumber Costs Up Nearly 30% Over Three Months, Push Building Materials Prices Higher in July

Facebooktwitterpinterestlinkedinmail

Prices paid for goods used in residential construction continued their upward trend in July, increasing 1.8% (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. It is the third consecutive monthly increase since the index declined three months straight by a total 5.4%.

The index has decreased 1.3% year-to-date (YTD), a larger decline than the prior record for a July YTD decrease (-0.9% in 2000). Prices paid for goods used in residential construction have only fallen five times between January and June since 2000.

The Bureau of Labor Statistics includes

Read MORE