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February 21, 2022
N. American lumber prices have never been this high ahead of the building season
The spring construction season is about to begin as homeowners face some of the highest lumber prices ever for this time of year. March lumber futures in Chicago closed at $1,270 per 1,000 board ft. in Chicago on Friday, up more than 36% since the beginning of the month due to tighter Canadian supplies ahead of the spring building season. the increase in lumber prices comes as Canfor Corporation, the world’s third-largest integrated forest products company based in Vancouver, British Columbia, announced a supply cut of ...
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North American lumber producers are cutting back production, a signal that higher interest rates are taking rootCompanies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Statistics / Wood Products / Global / North America