Lumber Markets

Lumber Futures

From the end of February until mid‐June, Lumber Futures were on a steady decline. After that they bounced around for a few weeks and hovered in that $550 range. As you can see in the graph below they bumped up in early July, but are in another downtrend over the last week or so. Expectations are that prices will stay lower for the time being. With the national housing outlook dropping over the last month the demand for softwood lumber is easing. This should help maintain a lower and steadier price range for the futures contracts to trade in. This should translate to lower prices throughout the fall and into the winter.

(Prices are per 1000 board feet)