US Lumber Prices Remain Well Above Historic Seasonal Averages

The U.S. random length lumber futures market remains much stronger than usual. In this chart by Commodity Seasonality, the price year-to-date (green line) is currently 20% above its 20-year seasonal average (grey line):

lumber-prices-july-seasonality

As we pointed out earlier in the year, there are a number of factors supporting higher-than-average lumber prices including housing market fundamentals, a weaker US dollar, trade policies, and now forest fires.

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