North American lumber prices continue to drop

October 29, 2020
Source:
Madison Lumber Reporter/Fordaq
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Recently, producer and wholesaler dimension softwood lumber prices across North America dropped, as expected for this time of year. However, US housing starts data for September 2020 is incredibly strong, so the expectation is that — given ongoing very high demand — asking prices will not approach the low levels of 2019. It is safe to say that a price floor has been reached, although where exactly that will land remains to be seen...
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