After all of the volatility experienced in the lumber and oriented strand board (OSB) markets in 2021, it’s anyone’s guess what will happen in 2022. As a reminder, lumber and OSB prices surged to record levels in the late spring of 2021. In the case of lumber, prices hit as high as $1,733 per thousand …
Every now and then, consumers get a look at how the “Laws of Economics” actually work. For someone who is not prepared to face the inevitable, getting hit by the Laws of Economics can feel like getting hit in the face by a boxer. During 2021, the lumber market had moved in violent swings due …
As the world sets climate change initiatives into overdrive, more pressure is being brought to bear on industry leaders in all industries to go as GREEN as possible. In the construction industry, the call has been going out for home and building developers to use materials that are more energy-efficient and sustainable. In recent years, …
November 17 OSB Updates: The southern Westcoast of B.C. and Northern Wa. had experienced a lot of heavy rain early this week which cause massive flash floods, land slides, swollen rivers as well as many other issues. Although it is unclear of the total extent of the damage there is a rough outline as to …
Economically, there are several major issues affecting the U.S. economy. First and foremost, the nation has still not fully recovered from the effects of the COVID-19 pandemic, assuming it ever will recover. The pandemic created employment and supply issues in almost every market, including the wooden crate market. Second, inflation is starting to have a …
Over the past couple of years, the U.S. Economy has been dealing with some significant issues. It seems to have started with the COVID-19 pandemic, which led to months of slowed economic activity due to lockdowns and business closings. In recent months, the country has seen inflation catch fire with the cost of almost everything …
A crate is a large container used to transport or store items. The majority of crating materials are made of wood, although they can be of plastic or metals. A wooden crate is a self-supporting structure that may have wood sheathing covering it. Crates have gained popularity because they allow fragile and valuable goods to …
OSB (Oriented Strand Board) is a type of engineered wood product that has gained popularity for use in the manufacturing of RV’s. OSB is a type of plywood layered with thin sheets of wood oriented in different directions. OSB has been manufactured and used for over 50 years because it provides an economical, durable and …
While inflation in America is approaching a staggering 6% per annum, it’s shocking to see prices on anything dropping by as much as 74%. That is exactly what has happened to lumber prices in recent months. As recently as May 28, 2021, lumber prices were at $1,515 per thousand board feet. As of September 3, …
The Lumber Bubble Pop has had a significant effect on the housing market. Lumber prices have fallen by 70% in less than one year, an unprecedented event that could not be predicted. However, the bubble popping does not mean that all is lost for 2021. Here are reasons why this drop in lumber prices is …
