Lumber prices hit six-month low

Lumber prices have almost halved since mid-March but end users are weeks away from feeling any relief, The Globe and Mail reports. A survey for the Oregon-based report Random Lengths placed the cash price of Western spruce, pine, and fir (SPF) two-by-fours at US$750-million, the lowest level in six months.

It’s one sign that the pandemic’s boon to DIY projects is beginning to slow. “The consumer is being pinched by inflation right now,” said Dustin Jalbert, senior economist at Random Lengths publisher Fastmarkets, “so you have a lot more disposable income that’s being tied up in higher food costs and higher energy costs.”