February 2017: Lumber Prices have Spiked
The Lumber Market Today
The lumber market today resembles a giant game of Jenga.
Prices are climbing, emotions are building and the foundation is weak. Strong lumber market foundations are built on healthy, slow and steady price increases. Today’s market is quite the contrary. Pricing spikes are based on speculation and fear of upcoming duties. Speculation drove this market increase, not demand.
The Following Graphs Display
A Footprint of Past Market Activity
Source: Random Lengths, used here with permission granted by the publisher.