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June 03 2021 Nick Smith of Sherwood is executive director of the nonprofit Healthy Forests, Healthy Communities, which advocates for active forest management in the Pacific Northwest, Rocky Mountains and Great Lakes states. If you are a do-it-yourselfer, you already know the cost of wood products has increased to historic levels during the pandemic. While there are many explanations and theories on the internet, the reason comes down to basic economics: there is too much demand and not enough supply. And demand is expected to remain strong. The only way to decrease lumber prices is to increase supply. Like any commodity producer, sawmills need raw material to meet demand for new housing and home improvement projects. Yet the Pacific Northwest has lost most of its wood manufacturing capacity since federal timber harvests declined 30 years ago. ....
Posted: May 03, 2021 6:00 AM AT | Last Updated: May 3 Softwood logs are loaded for processing at the JD Irving Ltd sawmill in Chipman. The facility is one of New Brunswick s most important.(Submitted by Gerard Sirois/GNB) ....
Lumber party: economic bounce fuels wood price rally 22 Apr, 2021 10:23 PM 5 minutes to read Financial Times US wood prices are racing higher amid a vigorous economic recovery from the pandemic, blasting through previous records as sawmills struggle to keep pace with demand in the run-up to peak homebuilding season. Lumber futures have soared by more than 50 per cent this year to more than $1,327 per 1,000 board feet length as housebuilders and DIY stores scramble for increasingly scarce supplies. That has taken gains since the depths of the Covid-19 crisis to 400 per cent, significantly above the contract s previous high of $650 set in 2018 (all figures US$). ....
Lumber prices soar, but logs are still dirt cheap bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.