Monday 17 May 2021

Navigating The Lumber Crisis

Posted by at 7:55 AM

Lumber prices are at an all-time high, and availability for some products continues to be an issue. Check out these articles to learn more about the lumber crisis, what we can all expect in the near future, what steps you can take as a consumer to slow the effects, and some steps that the National Association of Homebuilders are taking to mitigate further price increases and availability issues: 

https://www.nahb.org/advocacy/top-priorities/material-costs/solving-the-lumber-crisis

https://www.forbes.com/sites/salgilbertie/2021/04/17/lumber-prices-rocket-higher-as-demand-overwhelms-supply/?sh=65575cb421f9

https://www.nationalbusinesscapital.com/lumber-prices-2021/

"Market data suggests it’s unlikely that lumber prices will fall significantly in 2021. The housing market continues to see high demand while lumber supply lags behind. Interest rates are also expected to remain low throughout 2021, which will support both higher commodity prices and real estate. 

There may be some volatility, with temporary peaks or drops in lumber prices throughout 2021. However, the overall trend appears to suggest lumber prices will remain higher in 2021 over 2020." (nationalbusinesscapital.com)