“I don’t know when for sure that is going to happen,” Kipp said. Such a sharp increase has put unnecessary pressure on home owners and builders alike to figure out how to close the gap.. Former NAHB Chairman Randy Noel, a custom home builder … Joe Sanderson: I think we’ll see lumber prices drop a little more, but they’re not going to go back to where they were a year ago. Our windows have gone from a 10-day lead time to a three-week lead time. That was the second largest this … We do a lot of hardwood, -- hardwood, plywood -- so it’s not affecting us as much,” said the store’s Carl Farnsworth. “It’s a mess. USDA reported a total of 354,689 RB in export bookings during the week of November 19. Until the supply of lumber available equals or exceeds the demand for lumber, prices will remain high. “Back in April we started to see some of our loads were getting delayed….it was taking about five weeks to get here when it usually takes two,” Scott’s Lumber General Manager Kelly Vis said. Now that COVID-19 is here to stay, however, things have become much more unpredictable. Futures prices for the front-month September lumber contract US:LBU20 settled at $939 per 1,000 board feet on Thursday, the highest on record, according to Dow Jones Market Data. Supply vs demand. Went out and decided to buy a lot of lumber,” Kipp said. “It could happen this week, it could happen in two months.” Kipp said the price of lumber will eventually come back down. Add a symbol to your watchlist. The prices listed below provide an overview of the behaviors within the U.S. framing lumber pricing market. Lumber prices have risen significantly since April, with some lumber costing between 80 and even 150 percent more than it did just a few months ago. In … High lumber prices not trickling down, say woodlot owners ... "Lumber prices over the last six, seven, eight months have have gone up over 100 percent," said Doucett. Future prices on the Chicago Mercantile Exchange show lumber prices at $660 per thousand board feet in January and $587 in May compared with last … They have to shut their facilities down completely and then start back up. And if everybody would quit buying. Lumber prices increased 14.9% in August, marking the largest four-month gain since such data was first recorded in 1949 and the second-largest gain since seasonally adjusted data became available in 1975. “Lumber prices are now up more than 170 percent since mid-April, adding more than $16,000 to the price of a typical new single-family home,” NAHB Chief Economist Robert Dietz said in a statement. This cost was the highest on record since the NAHB had started keeping records back in 1995. That demand is going across the entire construction industry, every where you go materials are on huge back orders. 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