N. America: Strong demand results in price rebounds for many lumber items

While the lumber outlook in North America was bearish a few months ago, recent changes in the market have led to price increases. Factors such as mill curtailments, forest fires, and the strength of the housing sector have impacted lumber supply and demand dynamics. A strong May new-housing construction report and continued low lumber inventory levels in late June drove strong demand for wood, resulting in price rebounds for many lumber items. Specialty commodities like studs experienced significant growth during this period. Industry experts have observed that customers were caught off guard by the reduced supply as ...