A logging facility in Bristol, Vermont. John Greim/Getty Images Piper Sandler's Craig Johnson says lumber prices are headed to $1300 per thousand board feet. The price target represents a 12% jump from lumber's Tuesday closing price. Housing demand, lagging supply, and the upcoming hurricane season are all set to drive the price of lumber higher. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Piper Sandler's Craig W.