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From the neon pink sign facing the road and the ticket booth at the entrance, to the snack bar in the middle of the field that’s partially underground so as to not obstruct the view, most of the Northfield Drive-In is the same now as when it opened.
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Facing skyrocketing lumber prices at home, U.S. importers are driving competition for European wood, and winning.
The frenzy comes on the heels of record American forest-products imports from Europe in 2020, when North American demand soared and caught sawmills off guard with low inventories. Lumber prices have reached new peaks on a near daily basis in recent weeks, quadrupling from just a year ago. The unprecedented rally has been spurred by low borrowing rates, an increased appetite for larger homes, and a frenzy of do-it-yourself renovations during the pandemic.
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