June 30, 2022: Buyers Buying, Market Moving Up
Justin Binning and Ken Timmins with American International Forest Products (AIFP) provide a snapshot of the current lumber market. Buyers appear to be building and/or refilling inventory in the past week, creating a bit more competition for certain sizes and lengths. Out of the West, web stock has experienced the fastest uptick, and overall lumber costs appear to be moving upward. Both guests feel the market has stabilized, for now, and there doesn’t appear to be anything in the near horizon that would upset that equilibrium. 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.