May 19, 2022: Is a Lumber Buying Surge on the Horizon?
Justin Binning and Ken Timmins with American International Forest Products (AIFP) provide a snapshot of the current lumber market. Buyer inventories remain low and housing starts are strong, but production appears to be doing a good job keeping up with supply. Given this environment, both guests agree the market appears ripe for a large surge in buying in the next 30 days. There is also an extended conversation on the reality of the “new normal” and how it will continue to impact the lumber 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.