Lumber Prices Rise Again, Supply Continues to Shrink

By Robert Dalheim , Woodworking Network

Lumber prices are continuing to rise across North America, and supply is continuing to shrink. 

Despite the lockdown, prices have now risen two months in a row – up 15 percent in both April and May. Many analysts had expected demand to decrease, but this appears to have not been the case. 

“Prices were nudged up every day as sawmills sold out of stock with ease, and at higher levels,” writes Madison’s Lumber Reporter. “Customers throughout the market were very underbought, and field inventories remained low even as many buyers abandoned their caution and tried to secure volume. Sawmill order files were into the weeks of June 15th and 22nd. Bread-and-butter sizes continued to garner consistently strong demand, while sales of 2×8 and 2×10 were also really hot.”