Lumber Prices Continue to Increase
Lumber prices continue to rise as world-wide demand for U.S. and Canadian lumber exceeds production. If the current trend continues, we could see lumber and OSB double or triple in price over the next few months. While lumber and building material demand in the U.S. is muted due to low housing starts, other parts of the world, such as China and Europe, are rapidly increasing demand for North American building materials. New Zealand, Australia and countries in South America are also importing lumber and panels, and they are just now entering their peak building seasons. The gradual strength of the lumber market can be seen in this current lumber futures chart:

Lumber futures have increased over 40% since June.
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