January 17, 2022: No Quick Fix for Lumber Market
Justin Binning and Ken Timmins with American International Forest Products (AIFP) provide a snapshot of the current lumber market. Justin and Ken talk about how the mild weather in the fall and early winter has kept construction strong and left many buyers with extremely low inventories. There is a strong imbalance between supply and demand, exacerbated by COVID’s impact on labor, which may persist for the foreseeable future. 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.