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North American lumber prices go through the roof - Business News

North American lumber prices go through the roof - Business News
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Sweden , United-states , Canada , Washington , America , American , Canadian , Chung-chow , Larry-clay , Vinny-maharaj , Russ-taylor , National-association-of-home-builders

North American lumber prices go through the roof

But record-high prices for lumber and other wood products are making it hard for homebuilders, especially those companies tied into stipulated price contracts.
“Homebuilding is through the roof,” said Larry Clay, president of Clay Construction and incoming president for the Canadian Homebuilders Association. “Everybody I talk to is exceptionally busy. It’s about as busy as it’s ever been.”
The bad news is that lumber prices are also through the roof.
In recent months, softwood lumber prices have been breaking records. The reason is booming housing starts and home renovations in the U.S. and Canada, and a shrinking timber supply in B.C., traditionally one of North America’s biggest softwood lumber producers.

Sweden , United-states , Canada , Washington , America , American , Canadian , Larry-clay , Vinny-maharaj , Russ-taylor , National-association-of-home-builders , Canadian-home-builders-association