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October 28, 2021
High lumber prices making a comeback
High lumber prices in North America are back, even as the industry steps into what is normally a seasonal lull. Prices are climbing amid tight supplies and a pickup in homebuilding. Western Canada is seeing reduced output and the U.S. South is grappling with labor shortages. The U.S. is also expected to double duties on a common Canadian wood next month, adding to costs. The rise signals that homebuyers will face elevated prices for longer. On Oct. 26, lumber futures were trading around $735.70 per 1,000 board feet ...
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