Lumber Prices Skyrocket, Steel Provides Cost-Effective Solution

Light gauge versus wood. According to the Wall Street Journal, lumber prices have shot to fresh records, defying the normal winter slowdown in wood-product sales in a sign that the pandemic building boom is bowling into 2021.

light gauge versus wood. The last week of February (2021), the Random Lengths Framing Lumber Composite price rose to $966 per thousand board feet, exceeding the $955 high set in September (2020). Lumber futures have climbed 49% over the past three weeks, to more than
twice the price a year earlier. Lumber for March (2021) settled Tuesday at $992.40 per thousand board feet, eclipsing a mark set in September
(2020) as the highest closing price ever.

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Tom is a construction estimator with over 35 years of experience in the industry from field work to general contracting.

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