There’s reason to believe that in 2024 month-to-month price volatility will remain elevated compared with the sleepy days prior to 2018. However, market participants will need to accept that the volatility in the market witnessed from the spring of 2020 and through 2022 is behind us now. This was a black swan event, largely stemming from both demand and supply shocks directly tied to the pandemic that are now subsiding. Mill staffing and production has now recovered fully, the surge in demand from the R&R and single-family boom have corrected, and transportation and ...
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