Teaching Moment: Might Physics apply to The Lumber Market?
If you take a moment to study Newton’s First Law, you can begin to understand the relationship between the Forces that move the Lumber Market.
Here’s a few of this months Forces affecting the The Market Today:
Supply and Demand Force: A few large blocks of lumber were purchased from mills which moved the market down a bit. This is the first downward turn in pricing in several weeks!
Seasonal Force Moving the Market: Weather continues to clear in the Midwest and East, seasonal building and product demand should increase.
Housing and Multifamily Starts Force: Multifamily starts were down a bit last month.
Summary Statement: Combine all of the moving forces pertaining to lumber and the output is the ever moving Lumber Market.