How the lumber industry misread Covid and ended up with a ...
A pandemic surge in home buying and renovation sent lumber prices soaring. Now they’re settling down to a new, but elevated level, according to analysts.
Why are lumber prices skyrocketing? The lumber shortage and ...
May 3, 2021 · North America’s current lumber mania is a classic case of supply and demand: people want to renovate their homes and build new ones, and the industry is struggling to keep up.
Everything You Need to Know About the Great Lumber ... - VICE
Jul 7, 2021 · THE SHORTAGE. As North America went into lockdown in March, 2020, a slew of businesses shut down. Lumber production facilities were no exception: Sawmills laid off workers, cut hours, and...
Ask an Expert: Why Is There a Lumber Shortage? | College of ...
May 19, 2021 · Now a lumber shortage is gripping the country, causing prices to skyrocket. Lumber prices hit an all-time high of $1,686 per thousand board feet this month, an increase of 406% from the $333 it was trading at the same time last year.
How the pandemic drove up the cost of wood products
May 13, 2022 · The pandemic triggered a worker shortage in many sectors, including the forest products industry, which led tolimited availability of wood products, such as softwood lumber and structural panels (softwood plywood and oriented strand board).
Why lumber prices are so high and what it means for home ...
May 5, 2021 · The lumber shortage is just the latest example of how the rapid economic recovery from the pandemic is pushing supply chains to the limit. Manufacturers are desperate for workers.
Lumber Supply Shortage Could Fuel Price Surge Ahead of ...
Jan 19, 2023 · Lumber prices are up 14% so far in 2023 after suffering a brutal sell-off last year. Further gains could be in store for lumber as supply shortages emerge ahead of the homebuilding season.