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Trio Forest Products Inc. posts monthly lumber market updates and insights to help you be confident you are getting the best prices on your lumber products.
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December 10, 2024
Source: Random Lengths, used here with permission granted by the publisher.
Source: Random Lengths, used here with permission granted by the publisher.
Source: Random Lengths, used here with permission granted by the publisher.
Source: Random Lengths, used here with permission granted by the publisher.
Holiday trends in the lumber market reveal slower seasonal demand but unique challenges like looming tariffs, mill closures, and slim inventories. With mills planning extended holiday downtime and tight supply heading into 2025, expect steady prices and potential buying opportunities. Discover how the lumber market is poised for a surge in demand after the new year!
The lumber market has seen unexpected activity this holiday season, with OSB and 2×6 prices rising due to strong demand, mill closures, and limited supply. Typically a quieter time, this shift highlights the impact of industry dynamics as mills focus on higher-margin products.
Looking ahead, the housing market will play a critical role in shaping lumber prices. Challenges like restrictive zoning, labor shortages, and tariffs remain hurdles for builders. However, post-election optimism is growing, with expectations of regulatory relief and increased homebuilding in 2025. Builder confidence has steadily risen, signaling potential growth for the construction industry.
For those with projects in the pipeline, now is the time to act. Prices may remain steady or increase further, so securing materials early could save both time and money. As we prepare for the coming year, staying informed will be key to navigating these market changes effectively.
While stability has returned, factors like recent mill closures and global shifts could still stir up trouble. If you have a project in the pipeline, it’s a good time to secure your lumber packages and stay ahead of any unexpected changes.
Let Trio Forest Products guide you through any lingering uncertainties this Halloween season with confidence and resilience.
Happy Halloween from Trio Forest Products Inc