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.
Head of Purchasing
Concord Lumber Corporation