July 5, 2021: Has the Lumber Market Found the Bottom Yet?
Justin Binning and Ken Timmins with American International Forest Products (AIFP) provide a snapshot of the current lumber market. Demand has come off in recent weeks leading to greater availability and a drop off in cost for most lumber species and sizes. Transportation logistics have also improved slightly, meaning both rail cars and trucks are easier to find than in recent months. Both experts advise that its hard to know exactly where the bottom is, but it is likely fast approaching and it is advisable to watch closely and stay active. 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.