Lumber is a perfect storm situation.
Covid lock downs limited production
Trump pissed off China who makes most of the adhesives for plywood and OSB
Biden shutdown Canada's pipeline so they limited lumber exports (30% of out lumber comes from Canada)
Interest rates spurred a building surge.
Prices aren't coming down before next spring fall buys are already in and they are high [Reply]
Originally Posted by Boise_Chief:
Lumber is a perfect storm situation.
Covid lock downs limited production
Detoxing pissed off China who makes most of the adhesives for plywood and OSB
Biden shutdown Canada's pipeline so they limited lumber exports (30% of out lumber comes from Canada)
Interest rates spurred a building surge.
Prices aren't coming down before next spring fall buys are already in and they are high
Yeah it seems like a myriad of factors led to this, and all price increases we've seen. It does go to supply and demand, but the reasons for the inability to keep up with demand are more complicated than just blaming it on any one administration.
Honestly, if Trump had won, I daresay we'd still be seeing these prices. The solutions to the problem would be different, but the problem would still exist. [Reply]
Originally Posted by Boise_Chief:
Lumber is a perfect storm situation.
Covid lock downs limited production
Detoxing pissed off China who makes most of the adhesives for plywood and OSB Biden shutdown Canada's pipeline so they limited lumber exports (30% of out lumber comes from Canada)
Interest rates spurred a building surge.
Prices aren't coming down before next spring fall buys are already in and they are high
Originally Posted by Boise_Chief:
Lumber is a perfect storm situation.
Covid lock downs limited production
Detoxing pissed off China who makes most of the adhesives for plywood and OSB
Biden shutdown Canada's pipeline so they limited lumber exports (30% of out lumber comes from Canada)
Interest rates spurred a building surge.
Prices aren't coming down before next spring fall buys are already in and they are high
I heard production is being ramped back up and to expect prices to start coming down in the Fall. Just what I heard is all I am saying. I guess that could be just a start to come down in price but it may take time to be affordable. I want to renovate my kitchen. I re-did a lot during the whole covid period.
Originally Posted by cosmo20002:
I don't know the specifics with lumber, but in general, comparing prices now to pretty much anytime in 2020 is really stupid.
