Into the latter weeks of October, mild weather in many of the densely-populated areas of the U.S. provided the opportunity for an increase in construction activity. As such, demand for dimension lumber and other solid wood building materials brought a bump up in lumber prices, due to limited supply in the field. Sawmills and wholesalers both had been keeping inventories low in expectation of true winter and the end of most housing construction until spring re-appears. As well, an ongoing work-stoppage at Weyerhaeuser’s production facilities in the U.S. Northwest impacted supply of West Coast species, most notably Douglas fir. As a result, those prices jumped by a larger degree than other lumber commodities. Read More
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