Industry Forecast - Lumber Pricing & Market Predictions
LUMBER: More double digit numbers coming off on prices this week. Many mills have cut production in half and some have closed to try and get supply (which is abundant) in check with demand (which is nonexistent). This will turn back some day, we just have to all get to that spot.
PANEL: It's pretty much the same news on sheet goods. Both panel and spruce markets are eroding rapidly. Prices will struggle to find a bottom but we will get there.
Head of Purchasing
Concord Lumber Corporation