Lumber Prices Continue To Weaken

摘要

The depressed housing market continues to undercut lumber prices. ENR's 20-city average price for pine 2 X 4s fell another 1.5% this month, dropping prices 4.0% below a year ago. Likewise, prices for fir 2 X 4s declined 0.8% this month, bringing fir prices 5.4% below a year ago. However, ENR's price for the most commonly used species of 2 X 4s rebounded 0.3% this month, following two months of steep declines, leaving this price just 1.0% below 2007's year-end value (see chart below).