Welcome to our Fourth Quarter Industry Update, where we delve into the latest developments and insights shaping the lumber industry landscape. In this comprehensive update, we explore a range of topics, from housing starts and permits to lumber market forecasts and major industry announcements. Learn about the trends driving the market, the challenges faced by mills in Western Canada and the Pacific Northwest, and the anticipated price stability in plywood and OSB markets. Discover how these factors impact your purchasing decisions and business strategies in the dynamic lumber market. Join us as we navigate through the complexities of the industry, providing you with valuable insights to thrive in 2024 and beyond.
As the year concludes, the lumber market demonstrates a blend of stability, cautious optimism, and strategic considerations influenced by both market and seasonal dynamics.
Your teams Lumber Purchasing Playbook can call plays based on a safe approach by purchasing lumber now (like kicking a field goal) or a game winning touchdown approach, wait and see what the market will bring (like going for the fourth down). You make the call coach! Keep reading to help determine your teams next play!