The market value of the average new multifamily home has increased by $8,998 over the same period due to the surge in lumber prices, according to nahbnow.com.
According to a new report from IndexBox,, the hardwood veneer and plywood market in the U.S. stood at $4.9 billion in 2019, which was 9.1 percent less than the year before. This figure reflects the total revenue of producers and importers (excluding logistics costs, taxes, and tariffs, which will be included in the final consumer price). Over the last five years, it increased gradually, driven by rising construction.
The 100-page guide features information on engineered wood products and recommendations for their use in a wide range of applications in residential and commercial construction.
The overall Confindex reading declined by more than 6 percent during the first quarter and is down more than 10 percent on a year-over-year basis.
A housing recovery and a hurricane are driving up the price of lumber, at a normal seasonal drop. Lumber futures are on the rise, impacting projections for 2013. A chart makes the rising price pattern obvious.
Lumber shortages for residential flooring manufacturers. Plus, hardwood lumber sales remain sluggish in a seasonal summer slowdown but are expected to pick up in the fall.
By Andy Johnson