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July 8, 2019

U.S. lumber prices continue to move up, but pace of growth slower

U.S. lumber prices continue to move up, but pace of growth slower
Sales of framing lumber in U.S. geared down, as buyers had covered many of their needs prior to the holiday-shortened week. Prices continued to go up, but at a much lower pace as compared to the previous weeks.    Monday’s holiday in Canada got trading at mills north of the border off to a slow start. In the U.S., producers noted that sales were better than expected through Tuesday, although expectations for the balance of the week were low. Southern Pine buyers stayed in the market through Tuesday, helping to sustain recent price ...

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