Lumber prices down 11% YoY
calculatedriskblog.com
Lumber prices down 11% YoY
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Re: Lumber prices down 11% YoY
#2Are these changes reflected in any downstream price changes?
Re: Lumber prices down 11% YoY
#3I'm a little concerned that the downturn in that graph coincides with changing from measuring one financial instrument to another. But i dont know enough about those instruments to know if that's an issue or not :)
Re: Lumber prices down 11% YoY
#4For the unfamiliar, a "board foot" is a unit of lumber volume representing a square foot of board with 1 inch thickness.
So an 8' long board 12" wide and 1" thick is 8 board feet. Or half as wide and twice as thick (6" x 2") in the same length is also 8 board feet. You get the idea.
Re: Lumber prices down 11% YoY
#5The chart in the article does a nice job at illustrating that prices are roughly speaking back to essentially pre-pandemic levels after giant spikes. This seems healthy to me.
Re: Lumber prices down 11% YoY
#6I'm a little concerned that the downturn in that graph coincides with changing from measuring one financial instrument to another. But i dont know enough about those instruments to know if that's an issue or not :)
The price of lumber also was astronomical during Covid. I think it’s somewhat logical to expect a return to a more “normal” price as economics bounce back from a somewhat unprecedented couple years of crazy economics.
Re: Lumber prices down 11% YoY
#7tinlc
Re: Lumber prices down 11% YoY
#8Lumber prices seen all over the place when I search for various species of hardwood. Is there a standard online retailer to reference?
Re: Lumber prices down 11% YoY
#9The chart in the article does a nice job at illustrating that prices are roughly speaking back to essentially pre-pandemic levels after giant spikes. This seems healthy to me.
I love the tradingeconomics site for tracking commodities prices. Indeed, lumber is at pre-pandemic prices from 5 years ago
Re: Lumber prices down 11% YoY
#10For the unfamiliar, a "board foot" is a unit of lumber volume representing a square foot of board with 1 inch thickness. So an 8' long board 12" wide and 1" thick is 8 board feet. Or half as wide and twice as thick (6" x 2") in the same length is also 8 board feet. You get the idea.
metric system is so much easier: m³