It was only a little more than 10 months ago that the price of lumber hit an all-time high of $1,686 per board foot. Conversely, the construction industry then watched the price of lumber fall all the way down to $454 per board foot by mid-September. That’s an incredible drop of 73% in just 4 …
Post COVID19 pandemic, it’s fair to expect that the construction industry will soon be returning to work en-masse. There is a lot of work to be done to make up for two years or so of little to no activity. What does that mean for construction workers? There are going to be a lot of …
What are Modern Building Materials? Given enough time, innovation and new technologies will change every aspect of our lives. Who would have thought there would be a continual evolution of the building materials we use to build homes and commercial buildings. Clearly, we are seeing a new generation of building materials every few years. In …
Builders and contractors have an obligation to do more than build houses or commercial facilities. They have an obligation to do so with the best materials possible while keeping costs within budget. Since lumber is often the largest expense builders will encounter, it demands that they find the best sources possible for the purchase of …
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 …
