Lumber $381 US this morning. Analyst had baked in around Lumber is $381 US this morning. Analyst had baked in around $300 US in their Q1 estimates. We have averaged around $375 for commodity lumber in Q1. Commodity lumber will now head to $400 US as spring demand kicks in. The USA needs a lot of new housing built and a lot of old housing remodelling. Maybe a record year for lumber producers in the making?