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Lumber Prices
Wood production hits 13-year high—but lumber prices are still up 171% since COVID started
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Wood production hits 13-year high—but lumber prices are still up 171% since COVID started
FortuneLance Lambert
Mar 31, 2021
Volatile lumber prices are once again rattling the U.S. housing market, squeezing builders and threatening to exacerbate an already dire affordability crisis. Though lumber avoided inclusion in the latest round of tariffs, the Trump administration has signaled growing interest in tightening trade restrictions, which could also increase lumber prices. Watch more: cnb.cx/4kryXtX | CNBC
1:08
Volatile lumber prices are once again rattling the U.S. housing market, squeezing builders and threatening to exacerbate an already dire affordability crisis. Though lumber avoided inclusion in the latest round of tariffs, the Trump administration has signaled growing interest in tightening trade restrictions, which could also increase lumber prices. Watch more: cnb.cx/4kryXtX | CNBC
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