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Hurricane pushes up lumber prices, while fundamentals point to longer-term rise

from Remodeling

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. more


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