Industry Forecast: Lumber Pricing & Market Predictions - 8/3/21
LUMBER: As we close out July, we saw print come off just a bit more but with what appears to be some sort of stabilization and a level to start trading on. Of course stranger things have happened in the lumber market over the last year so let's just take a breath and see where we go from here. In any case, prices are certainly lower.
PANEL: The panel market saw another week of major correction again as it will eventually catch up to what just happened over the last 6 weeks to the dimension market. Look for prices to drop rapidly at the mill level but there is a lot of higher priced inventory already in the supply chain.
Head of Purchasing
Concord Lumber Corporation