Timber prices continue to rise after a brief dip
RIGBY, Idaho (KIFI) – Lumber prices continue to rise after a brief dip in June.
Currently, timber prices are starting to rise so far in the month of July.
Gene, who is a lumber salesman for Yellowstone Lumber, explains that part of the reason for this continued fluctuation is due to higher demand for housing in the area.
“Idaho seems like a hot spot in a way, and it seems like we still have quite a few people moving here and we have builders building. Just last week I had four rounds of plans for four rebuild houses,” Gene said.
An oriented standard board (OSB) is a type of plywood commonly used in home construction. Gene says that with the growing demand for home construction in this area, the cost of lumber is rising.
“It all seems like a hot spot in a way, and it looks like we still have quite a few people moving here and we have builders building. Just last week I got four rounds of plans for four more house constructions.”
Gene says that even though the demand for new homes starts to increase, creating higher demand that pushes those prices up, that’s not the only thing driving prices up.
“The other factor that was really hitting us pretty hard, uh, for the freight companies and the shipping price of yours that drives up the price there because it takes, you know, ten thousand or $1500 to move a truck from, you know, the middle of the country.”
He says OSB is currently $25 for a 7/16″ sheet.