Lumber prices top $1,600 for the first time ever as the ongoing homebuilding craze drains supply Summary List Placement Lumber prices topped $1,600 per thousand board feet for the first time ever this week as the ongoing homebuilding push continues to drain lumber producers already lagging supply. Stocks related to lumber are soaring in response. Shares of Weyerhauser and West Fraser Timber are up 35% and 62% while Boise Cascade , Resolute Forest Products , and Universal Forest Products are up roughly 58%, 200%, and 63%, respectively over the past six months. Lumber demand is so strong that Resolute Forest Products order book has exceeded its inventory, according to the company's CEO Remi Lalonde, per Bloomberg. Weyerhauser also reported a record quarterly profit last week, citing strong demand and rising lumber prices as key catalysts. According to data from the National Association of Home Builders , the lumber price boom has pushed the price of an average new single-family home up by some $35,872 over the past twelve months. Rising home prices look set to continue as well, according to Weyehauser's president and CEO, Devin W.