"Repair/remodel is actually also a very big driver, from do-it-yourself folks buying wood at Home Depot to all these people that have old houses," Stockfish told Time. 'They want a new office, they want a new kitchen."
The CEO said the pandemic underscored the importance of home life, driving many people to renovate their work-from-home space. At the same time, many aging baby boomers are choosing to remodel their homes instead of moving into retirement homes. Earlier this year, found that many people between the ages of 50 and 60 are bucking the retirement trend of downsizing or moving into a retirement home in favor of remodeling or purchasing a larger house.The CEO, whose company is responsible for over 12 million acres of timberland in the US as well as about 14 million in Canada, said the"That's something we'll be keeping a pretty close eye on," Stockfish said.
2 days ago also had an article that lumber bottomed out and would stay over $1k. Now it’s under $800. The only reason lumber shoots back up is these lumber companies manipulating the supply.
This is likely a propaganda piece . Your story doesn’t reflect the valid/ongoing concerns about price fixing in the lumber industry. A $10/piece 2X4X8 is NOT in demand. Here’s a local store’s selection. Very few boards have been purchased?