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.

Q. What is going on with wood prices? Do you have a forecast?

The severe winter has had lingering impacts on the hardwood industry with tight green lumber supplies as well as tight inventories of kiln dried lumber. However, prices have remained steady.

Wood chip prices fell throughout the U.S. and Canada in the 2Q/12; the U.S. South continues to have the lowest chip prices and Eastern Canada the highest.

Boise Cascade Holdings LLC capitalized on rising lumber pirces and increased demand to post net income of $15.0 million on sales of $733.0 million for the second quarter, reflecting Q2 year-over-year improvements of 782% and 24% respectively.