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February 4, 2021

Forecast: US softwood lumber market evolution in 2021-2022

Forecast: US softwood lumber market evolution in 2021-2022
According to the Random Lengths Framing Lumber Composite Index, the price of softwood lumber in the United States has soared by nearly 60% in 2020. The price of softwood lumber in the United States is expected to rise by another 4% in 2021. From a regional perspective, the increase in SPF prices in the western region will exceed that in other regions.    U.S. softwood lumber consumption demand will remain strong in the next two years, but the capacity growth of North American lumber mills is still limited. This is because of the shortage of raw ...

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