LATEST POSTS

What Does the New Administration Mean for the Lumber Market

What Does the New Administration Mean for the Lumber Market

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.

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It’s a Good Time to Buy Lumber

It’s a Good Time to Buy Lumber

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

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Lumber Market Considerations: March and April 2023

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What do flat lines in our graphs mean for the lumber market?
Perhaps is means that supply and demand are at a temporary check mate.

Even though interest rates continue to fluctuate, nationwide residential housing starts are up and permits are also up overall since January. Approximately 75% of builders anticipated housing starts down in 2023. Builders confidence has improved by about 20% after Q1.
Multifamily is predicted to stay strong for this upcoming spring season.

As winter winds down, spring conditions are bringing a stronger demand for lumber. Building typically amps up nationwide with favorable weather conditions.

Overall, our business partners are cautiously optimistic about the consistency in volume demand for 2023.