Lumber prices on the way up

Lumber Oct 17, 2012 No Comments

LumberSpot prices for Western softwood lumber made from spruce, pine and fir trees have steadily increased this year, rising 24 per cent since January to US$310 per thousand board feet in August, said a Canadian Press article.

North American lumber prices are set to surge in the next couple of years amid a tightened supply from Canada as the U.S. housing market continues to strengthen after years of weakness, a new CIBC report predicts.

Lumber prices are 40 per cent higher than two years ago, when the U.S. house-building industry was still suffering from years of over-heated construction activity and a collapse in the mortgage lending industry. Higher prices are expected to be supported by significant curtailments in North American production capacity, reduced supply due to mountain pine beetle in British Columbia, increased sales to China and pent up demand in the U.S.

via Lumber prices on the way up

Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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