This article re-examines and re-evaluates previous research on seasonal behavior of select Douglas-fir and ponderosa pine lumber prices. Significant seasonal price behavior patterns were found for representative Douglas-fir and ponderosa pine lumber items. The degree of seasonal price variation was found to increase moving from general to more specific indexes. Further, the degree of seasonal variation, on both a relative and an absolute basis, was found to vary inversely with value of the lumber item. Finally, the pattern of seasonal price fluctuation is subject to progressive change. A radical shift in seasonal configuration occurred between the two decades prior to World War II and the post World War II period. While progressive change is also present within the period 1947-1961, modification in the configuration is more modest.
Document Type: Journal Article
Associate Professor of Economics, University of California, Santa Barbara
Publication date: February 1, 1964
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