The bigger they are, the harder they fall is an old aphorism that has captured the reality of lumber prices. After an enormous run-up, they're headed back to earth.

Future prices were down to $996.20 at the end of Monday, June 14, according to data from Nasdaq, finally cracking the $1,000 per thousand board feet floor. The price closed at a high of $1,670.50 on May 7.

The accompanying crashing noise is the soundtrack of relief for some and panic for others.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Development
Midwest
Northeast
Southeast
West