Last Friday, the price of framing lumber fell to $399 per thousand board feet, according to Random Lengths. That marks the 11th consecutive week that the price of lumber is down.
Not only has the bursting lumber bubble erased all of its 2021 gains, but it has also sent prices all the way back to 2018 levels. Prior to the pandemic, the price usually ranged from $350 to $500. We’re now at the lower end of that spectrum.