Why The Covid Lumber Rally Rages On! www.MalkamDior.com
Security Lumber prices' wild ride didn't end with 2020. Futures for March delivery added another
That's more than twice the price this time last year, before lumber demand went bonkers, and not far from the all-time high of
Spot prices for southern yellow pine hit records last month and spruce, pine and fir from forests in the Northwest are making highs this month.
Prices have defied the typical seasonal slow down] thanks to homebuilders hammering away through a mild winter and dealers restocking ahead of spring. With Americans still stuck at home, lumber producers expect the [pandemic-induced remodelling boom to rage on.
"Household balance sheets are pretty spectacular right now and there's some disposable income that isn't going into cruises and holidays and is staying at home,"