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Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Wood-based panels / Global / North America
July 28, 2020

Unprecedented lack of lumber in North America

Unprecedented lack of lumber in North America
   The downfall in lumber production in North America caused by the Covid-19 pandemic, doubled by still a high demand has created a lumber shortage and a sharp rise in prices    According to Statistics Canada, 5.5 million Canadian workers have been impacted by shutdowns, either from loss of employment or COVID-19 related absences.    The unemployment rate has gone from 5.6% before the pandemic to 12.3%. But in spite of loss of jobs, Canadian’s spending on home improvements, decreased only -5% from January through May.  ...

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