What's New > Lumber Prices Plunge 40% Since May's Record High

Lumber Prices Plunge 40% Since May's Record High

posted on June 16, 2021

Lumber prices have fallen below $1,000 per thousand board feet for the first time since March. Prices have now dropped 40 percent since May's record high. Prices peaked on May 10 at a little over $1,700 per thousand board feet. Prices are still way up historically - around 175 percent over the past year. They are expected to remain elevated, at least for the near future. Read more