April 14, 2023: Market on Hold, Waiting on Weather and Economy
Justin Binning and Ken Timmins with American International Forest Products (AIFP) provide a snapshot of the current lumber market. Buyers continue to keep inventory low and focusing on just-in-time purchasing, creating a static pricing structure with very little movement while production remains steady. Weather and economic uncertainty may be holding back projects in certain areas, clarity on either of those issues may cause a surge in the market. Justin has been with AIFP since 2010 with a focus in Southern Yellow Pine and Ken has been with AIFP since 2017, specializing in Fir species. Both specialize in high grade lumber for the component manufacturing industry.