Lumber costs that skyrocketed for the duration of the COVID-19 pandemic are setting up to decline as new dwelling sales drop, but industry experts advise continuing to hold out just before creating a property or beginning on your future project.
Lumber rates peaked in Could 2021, reaching a value of $1,711 for each thousand board feet, in accordance to Darin Newsom, a industry analyst and commentator.
Just before the COVID-19 pandemic, price ranges averaged $300-400 per thousand board feet, Jack Izard, vice president of all-natural resources investment decision at Area Timber Advisors, explained to McClatchy Information. Charges are now all-around $600 per thousand board ft, he mentioned.
Charges started to surge after March 2020 mainly because of a rapidly rising demand from customers for lumber as