My wife Wanda and I are the owners and founders of the Irion Lumber Company. Our lumber company is the outgrowth of a custom furniture business I started in 1977, called Irion Company-Furnituremakers.

Random length lumber futures traded at CME Group on Tuesday fell as much as 2.67% to $667 per thousand board feet. With the decline, they were down 60% from their all-time high of $1,686 on May 7 ...

Lumber prices are up 14% so far in 2023 after suffering a brutal sell-off last year. Further gains could be in store for lumber as supply shortages emerge ahead of the homebuilding season.

Spot market prices reached $686.72 per thousand board-feet in intraday trading on Monday, March 24, according to Trading Economics. By the end of March 26, the price was down to $671.09.