Have Lumber Prices Gone Down 2024. The wood etf tends to follow lumber futures prices, which could be an opportunity for the coming months. Prices for lumber have recently come down from pandemic highs.
The lumber bubble is deflating—fast. After falling to just $373 per mbf in november, the fastmarkets random lengths framing lumber composite price (flcp) has rebounded and.
In A December 22 Barchart Article On Lumber, I Wrote:
Supply is slowly picking up.
So Demand For Lumber Is Easing.
And as a result, lumber prices are getting hammered.
Lumber Prices Tend To Peak During Spring And Summer As New Home Construction Increases.
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Experts Expect Lumber Prices To Decline Gradually Over The Next Few Months.
As the prices stabilize, they should land between $450 and $600 per thousand board feet, which is still more than the cost of.
On December 22, 2023, Nearby Lumber Prices Were $585.50 Per 1,000 Board Feet.
And as a result, lumber prices are getting hammered.
Prices For Lumber Have Recently Come Down From Pandemic Highs.