Russ Taylor

Russ Taylor, of Russ Taylor Global, says that high prices cure high prices. High lumber prices will eventually reduce demand and increase supply – high prices scare people away. He is confident the prices for lumber will start to settle down, but at higher levels than we have ever seen before. There will be a new “base level” price to result over time. Supply and demand will always balance, but we just do not have the trees anymore in North America to allow for more sawmill construction except in the U.S. South. …”I think we are going to see more of this extreme price volatility in the U.S. lumber market, and I think prices will generally stay high. …All other building materials have all seen higher prices as well. …But my expectations are that there will probably be a small erosion of wood products versus other building materials,” says Taylor.