The price of timber in the United States has significantly increased after falling to its lowest level
The price of timber in the United States has risen sharply after falling to its lowest level in a year and a half, due to the expected increase in demand for building materials.
According to reports, as of the morning of July 18th, the cost per thousand board feet (based on the price of wood measured in the United States) was approximately $480. It has increased by over 3% in the past 24 hours, compared to an 11% increase previously. Meanwhile, three days ago, the lowest price in a year and a half ($419) was set.
According to analysis, the rise in timber prices is due to market expectations of a recovery in the construction industry, leading to a certain degree of recovery in demand for timber.
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