Spot lumber prices hit a record high of nearly $1200 per thousand board feet on Tuesday. The record mark comes after a historic run for lumber in 2020 and the beginning of 2021. Prices have soared ...

There's been a 23% drop in spot lumber prices so far this year, falling to $882 per 1,000 board feet as of Thursday. Prices have softened as higher interest rates cool a red-hot housing market.