Industry Forecast: Lumber Pricing & Market Predictions - 6/28/21
LUMBER: This week we witnessed lumber prices tumble below last year's highs, as the market continues to correct itself. I believe this downward trend will stop soon and flatten out or event bounce back up when buyers see a perceived low spot and restock their shrinking inventories.
PANEL: Although, last week's panel prices showed a slight drop, this week was flat. A correction is coming soon.
Paul Tarca
Head of Purchasing
Concord Lumber Corporation