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Lumber Market On Edge:  What Customers Need to Know

Lumber Market On Edge: What Customers Need to Know

Lumber prices are at their lowest levels in months—but that may not last. With new trade duties on the horizon and possible mill shutdowns already underway, supply could tighten fast. In this market update, we break down what’s happening, what’s coming, and why now is a smart time to buy if you’ve got upcoming jobs. Don’t wait until prices spike—get ahead of the curve with Trio’s insights.

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Lumber Tariffs Update

Lumber Tariffs Update

Tariff shifts, Canadian exemptions, and supply chain woes shake the lumber market. Find out how it impacts prices, housing, and builder plans.

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Uncertainty Reigns in the Lumber Market

Uncertainty Reigns in the Lumber Market

Lumber Market Update: A Waiting Game

With proposed tariffs on Canadian lumber looming, the market is stuck in neutral—engines revving but waiting to see which light turns green. Buyers, sellers, and suppliers alike are in wait-and-see mode, unsure how pricing and supply will shake out.

Will costs spike? Will demand shift?

No one has the answers yet. Even if tariffs are implemented, the uncertainty won’t end. Will mills raise prices in response, or will the market remain flat due to currently weak demand? For now, we’re watching and waiting—but rest assured, we’ll keep you updated as the situation unfolds.

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Trio’s Phones are Lighting Up with Strong First Quarter Inquiries

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Recent developments have brought about noteworthy changes across various segments.

OSB: A Rollercoaster of Prices

Oriented Strand Board (OSB) recently experienced a significant downturn, prompting a swift sell-off for those with wood in their inventories. However, the market appears to have stabilized, witnessing a noteworthy $10/M surge within a single week. This unexpected turnaround has led some distributors to quote prices that are strikingly $100/M over the printed rates, signaling a rapid and robust recovery in the OSB market.

Structural Panel: Steadfast Resilience

Amidst market fluctuations, structural panel prices have shown remarkable resilience by maintaining a consistent flat trajectory. This stability suggests a sustained demand for these materials, positioning structural panels as a reliable choice amidst the broader volatility in the lumber market.

Framing Lumber: A Picture of Stability

Framing lumber, true to its name, is exhibiting unwavering stability, staying as flat as a board. This consistent performance provides a sense of dependability within this segment, offering reassurance to stakeholders amid the dynamic movements observed in other areas of the lumber market.

Low Grade: Returning to the Norm

Low-grade lumber, after a period of fluctuation, is now returning to its historic norm, characterized by minimal movement. This newfound steadiness adds a layer of predictability to this segment, potentially offering stability to those engaged in the low-grade lumber market.

First Quarter 2024 Outlook: Optimism Prevails

Looking ahead to the first quarter of 2024, the lumber market shows promise with quotes and orders steadily streaming in. The heightened level of activity is keeping industry phones busy, reflecting an optimistic outlook and potentially indicating robust demand as the new year unfolds.

As we navigate these trends, stay tuned for continued updates on the dynamic shifts shaping the lumber market’s landscape.