As Lumber Demand Falls, Prices May Largely Hold

Industry News

North American demand for lumber is expected to decline by 7% this year, but that doesn’t mean prices will follow. Paul Jannke, a lumber analyst with Forest Economic Advisors, said lumber prices are down from 2020-2021 peaks, but compared to historical averages they remain elevated. “In 2023 we’re looking at a 7% decline in lumber consumption in…

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