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'Rowdy, rock 'n' roll surreal market': U.S. lumber importers drive buying mania for European wood


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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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United States , Thunder Bay , United Kingdom , Marcy Nicholson , George Frey Bloomberg , Thomas Mende , William Giguere , Geoff Berwick , Binderholz Gmb , Daniela Sirtori Cortina , Paul Bouchard , Fraser Timber Co , Foreign Agricultural Service , European Union , National Association Of Home Builders , Binderholz Timber Inc , North American , Atlantic Forest , National Association , Agricultural Services , Binderholz Timber , Binderholz Gmbh , Hans Joachim Hormel , Baden Wuerttemberg State Forest , British Columbia , Chief Executive Officer Paul ,