Lumber prices will continue to rebound into summer after reclaiming the $1,000 level as seasonal demand ramps up, industry executive says

Lumber prices crossed back above the $1,000 level on Thursday as seasonal demand begins to pick up. Wholesale and retail lumber inventories have been conservative in recent months, according to one lumber industry executive. “Heading into what is the typical seasonal strength of the lumber market, a substantial buying round is currently upon us,” Sherwood…