Hurricane pushes up lumber prices, while fundamentals point to longer-term rise
Lumber prices are rising again this fall after a sharp summer-long decline, prompted short-term by Hurricane Florence and longer-term by supply shortages amid rising demand. A senior lumber buyer with 28 years of experience says that if the hurricane-driven rise in Southern yellow pine prices that he's seeing now follows past patterns, prices will rise about 10 percent and last at that higher level roughly two months.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063