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July 27, 2021

North America: Why now might be the best time to buy lumber?

North America: Why now might be the best time to buy lumber?
After more than doubling in price last year, lumber futures have dropped to their lowest level of 2021, on track to suffer a third-straight monthly decline—potentially offering a “small window” for buyers to benefit from cheaper prices.    This is “probably the best time for homeowners and builders to make their lumber purchases,” said Todd London, senior vice president of sales for Sherwood Lumber. “This small window in time has a high probability of representing the absolute best time to buy for a year that has been riddled with supply chain disruptions, uncertainty and volatility ...

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