Wood prices could rise significantly in 2024 – the US wood market is showing positive momentum

Wood prices on the North American market, which is important for the global market, recovered at the end of the year. Some analysts see a sharp price increase in 2024. On the one hand, this is due to the expected upswing in the US housing market – and the shrinking supply. High mortgage interest rates are still slowing down house building, even though they have fallen slightly recently. U.S. softwood lumber prices remained below the benchmark of $550 per 1,000 board feet in December. Investors are torn between still uncertain demand and tighter supply. Due to reduced ...