Lumber Prices Are Down

Builder working on a wood framed house

Photo: Getty Images

(Undated) -- Current lumber prices are helping with many Nebraska and Iowa cities' multi-million-dollar building projects. Lumber prices have dropped by 23% so far this year. Business Insider reports prices have gone down as low as $882 per 1-thousand board feet earlier this month. The highest lumber got last (2021) year was nearly $17-hundred per 1-thousand board feet in May. Business Insider says we may see some of those high prices return later this year because of supply issues.


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