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January 3, 2022

North American softwood lumber prices surge at year end

North American softwood lumber prices surge at year end
A huge disruption to transportation for most of November from the critical lumber producing basket of the British Columbia interior, euphemistically referred to as “sawmill country”, caused a supply crunch for wood products which the market is currently still working out. Of all construction framing lumber in the U.S. at any time, approximately 14% comes from B.C., so such a big drop so suddenly is having a great impact on lumber prices.    Meanwhile, U.S. home construction activity is very strong for this time of year. Total housing starts in the US for November ...

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