How low are hardwood lumber prices in real terms?
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Hardwood Market Reports. 90(32): 1, 16-18.
Prices for grade hardwood lumber have remained stubbornly low for several years. But, just how low are lumber prices? While prices reported by Hardwood Market Report for #1C lumber in most Appalachian species have increased since the summer of 2009 low point, with the exception of yellow-poplar, they are 3 to 50 percent lower than they were in the fall of 2005. The species with the largest price declines include cherry, hard maple, soft maple, and red oak. Hardwood lumber prices are somewhat unique in that the different species do not necessarily trend with one another. During the early, 1980s #1C red and white oak prices were trending upward, while hard maple and yellow-poplar prices were fairly constant. In the early 1990s, the prices of all species were increasing. Between 2000 and 2005, the price of #1C hard maple increased by 80 percent, while red oak prices decrease by 15 percent. These diverse price trends do not occur in the markets for softwood lumber and most other commodity groups, such as grain crops, base metals, and precious metals.
Luppold, William. 2012. How low are hardwood lumber prices in real terms? Hardwood Market Reports. 90(32): 1, 16-18.