Lumber futures ended Thursday at a record high, supported by a do-it-yourself remodeling boom and resurgent home builders
Lumber futures ended Thursday at a record high, propelled by a do-it-yourself remodeling boom and resurgent home builders.
Lumber for September delivery gained 3.1%, or $19, to settle at $641.60 per thousand board feet. That tops $639, the old high mark for the most actively traded lumber contract, reached during a short-lived climb in 2018, when railroad delays, tariffs on Canadian lumber, wood-boring beetles and forest fires crimped supply during the building season.
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