Are Lumber Prices Going Down In 2024. Without the insatiable demand for lumber, prices will start to drop—though it may be a while before the end consumer sees it. Gold and copper prices are also set to rise this year, by 8 per cent.
“it all comes back to basic econ 101—supply and demand,” jalbert explained. The latest producer price index, reported by u.s.
The price of lumber has already bottomed, says mace mccain, the chief investment officer of frost investment advisors.
Lumber prices tend to peak during spring and summer as new home construction increases.
Lumber prices fell to $400 for 1,000 board feet (mbf) recently, a.
Bureau of labor statistics, indicated that inputs to residential construction, goods less foods and energy.
