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Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Statistics / Wood Products / Global / North America
January 18, 2022

Why N. American lumber prices have nearly tripled again since the fall of a few months ago?

Why N. American lumber prices have nearly tripled again since the fall of a few months ago?
Simple economics popped the lumber bubble last year. Once the price of lumber topped $1,515 per thousand board feet in the spring, do-it-yourselfers en masse stopped buying. At the same time, sawmills trying to cash in on the sky-high prices increased production, contributing to prices plummeting by August to $389 per thousand board feet. Suddenly, lumber buyers, who were used to paying $350 to $500 per thousand board feet prior the pandemic, felt some serious relief.    End of the story, right? Not at all. Since bottoming in August, lumber has gone on ...

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