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May 31, 2022

Lumber market cools down as renovation boom is likely over

Lumber market cools down as renovation boom is likely over
Lumber prices have hit record highs, fueled by the war in Ukraine, but now the market is dampening, Danske Bank estimates in review over the forest industry.    It seems that the renovation wave is now over and this mood applies to the West in general. Interest is dampened by the combined effect of high food and energy prices and rising interest rates, which together raise concerns about one's own finances.    Danske Bank considers it a historically significant signal that some Swedish store chains reduced the prices of wood terrace boards in ...

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