Industry Forecast: Lumber Pricing & Market Predictions - 8/24/21
LUMBER: There has been more depreciation in the market as dimension spruce came off in price by large chunks. We are very close to pre-pandemic lumber prices at the mill level. Not long ago I mentioned we would find a "new" bottom of the market and we wouldn't see a 2x4x8 under $3.00. I'm now taking that statement back, nothing will surprise me in this crazy market. Stay tuned...
PANEL: Panel prices continue to fall at a rapid pace as well and it sounds like a broken record, but the new mill numbers will reach the retail level sometime soon as we all keep churning through our existing inventories.
Paul Tarca
Head of Purchasing
Concord Lumber Corporation