

Industry Forecast: Lumber Pricing & Market Predictions - 7/28/21
LUMBER: Pricing for dimensional lumber came down again this week. However, buyers are beginning to feel we have reached the bottom as prices from mills are firming and demand increases. I believe we are looking at a few more weeks of inconsistent pricing levels moving forward until we find out what a true and fair trading level looks like. PANEL: The panel market saw another week of major corrections as it catches up to the lumber market's levels. I predict prices will contin


Industry Forecast: Lumber Pricing & Market Predictions - 7/19/21
LUMBER: The correction continues with even lower prices flowing into the lumber market. There have been several theories concerning why these lower prices haven't shown up at the retail level, but I feel it will finally happen soon. As the supply chain runs its course and demand remains steady, the lower retail pricing should be just around the corner. PANEL: Last week panel prices began to decline, and we saw pricing come off in even bigger chunks this week. The panel market


Industry Forecast: Lumber Pricing & Market Predictions - 7/12/21
LUMBER: Lumber prices continued to fall this week, plummeting to their lowest levels in nine months. With room for even more down ward movement until buyers decide to step back in. Demand has remained strong, and buyers will need to restock soon, so this slide will likely continue for a few more weeks before settling for a time. PANEL: Panel prices fell at a sharper decline this week. Unfortunately, most lumberyards still have a large quantity of stock purchased at higher pri


Industry Forecast: Lumber Pricing & Market Predictions - 7/7/21
LUMBER: We are approaching a new bottom as the market continued to correct itself this past week. Prices have tumbled below last year's highs and may have a bit more to give back. There is a point when buyers will step in to replenish their depleting inventories, but they are holding out until the last possible moment. I foresee the rest of this year being a choppy ride for the lumber market. PANEL: We have been predicting there would be a correction in the panel market soon,