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June 30, 2021

Lumber shortage also in Russia caused by skyrocketing prices

Lumber shortage also in Russia caused by skyrocketing prices
The Russian housing market is experiencing a shortage of 2-2.5 million m³ of lumber. Experts emphasize that this volume is equal to about 30-40% of annual consumption.  The development of the trend became the driver of the growth of prices for lumber, only in June 2021 they continued by 32%.    According to Russia's Association of Wooden Housing Construction (ADD), the a surge in the growth of prices for lumber in Russia began to be recorded in the fall of last year. As a result, since the beginning of 2020, the cost of ...

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