Lumber Prices Up 45% This Year And Could Rise

"We need lumber for housing" - NARA ...
“We need lumber for housing” – NARA – 513945 (Photo credit: Wikipedia)

Now with the rapid increase in housing in the U.S., it is now forecast that lumber and panel prices will move to new highs in 2013 and record highs for lumber in 2014. An expectation of strong growth in U.S. housing starts over the next five years, combined with a better balance in the housing inventory and a recovering economy, the U.S. supply chain is expected to become overwhelmed at times during the next five years, allowing wood products prices to soar.  While there are a assumptions that are required to maintain steady economic growth, a strong wood products recovery amidst a tightening timber and mill supply base is still expected.

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