The price of lumber surged during the pandemic. Suppliers miscalculated the effect of the pandemic on demand for their products. Rather than falling off, demand surged as people stuck at…
Homebuilders are not out of the woods just yet despite lumber prices plunging off historic highs and into negative territory for the year. Random length lumber futures traded at CME…
Lumber prices have started to come down from historically high levels — but some experts don’t expect them to return to normal anytime soon. Supply shortages coupled with increased demand…
Lumber prices have continued surging in response to supply shortages spurred by the COVID-19 pandemic. The lumber scarcity matched with increased demand during the pandemic drove costs sky-high, which in…
Lumber futures are trading higher Wednesday for the first time in eight days as buyers emerge following a sharp seven-day selloff that dropped prices by as much as 29%. Random…
It’s not just toilet paper and cleaning supplies. The COVID-19 pandemic has caused a number of shortages. And, while supplies have bounced back for many products, others — like lumber…
Apr. 19—Record-high lumber prices are helping drive up home prices and impacting a wide swath of the construction industry, including weekend do-it-yourselfers doing home improvement. The cost of lumber has…
While more people are staying home due to the pandemic, they are also remodeling their homes. Some of these projects took place at a time when lumber prices soared. It…
Lumber shortages are derailing some home improvement plans The lumber industry has been caught off guard by Canadians’ financial resilience during COVID-19, resulting in shortages that are derailing home improvement…
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