Lumber prices are not rising, despite sawmills cutting production

Low lumber prices are forcing sawmills to cut production on both sides of the Atlantic. In Europe, sawmill companies also face rising sawlog prices, significantly eroding their margins. Many are hoping that lumber prices in the U.S. market will rise, which will mark a new growth cycle. However, despite the construction season, U.S. lumber prices remain stagnant, and sawmill closures have not stopped the decline to post-pandemic lows. Lumber prices have dropped during the building season, indicating trouble in residential construction and home-improvement markets due to high borrowing costs. The price of two-by-fours ...