Lumber Prices Hit 2022 Low as Homebuilder Sentiment Collapses

Lumber Prices Hit 2022 Low as Homebuilder Sentiment Collapses
Signs are posted in front of homes under construction at a KB Home housing development in Novato, Calif., on Jan. 12, 2022. Justin Sullivan/Getty Images
Bryan Jung
Updated:
0:00

Lumber prices hit an all-time low after homebuilder sentiment tumbled for the twelfth straight month in December.

The building commodity peaked at $1,336 per thousand board feet in late February, but has settled to around $379, as of Dec. 22, to its lowest level since the pandemic in June 2020.
Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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