Lumber Prices Hit Record High in May

​Lumber prices recently hit record highs and remain sharply elevated above last year’s prices. Attributed to trade disputes with Canada, wildfires, and limited rail capacity, lumber prices reached an all-time high of $639 on May 17th and closed as high as $588.80 per 1,000 board feet last Tuesday. The increase represents a jump of approximately 70% from last year.

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