Lumber prices are falling but likely to remain high

June 15, 2021
Category: Today's Takeaway

Lumber prices are falling back to Earth but company CEOs expect them to remain high due to the strong housing market. In related news: US building material dealers lobby Commerce on lumber volatility; Canada’s housing starts are up 3.2% in May; and Resolute Forest Products announced a special dividend and capital investments in four mills.

In other news: PotlatchDeltic reported a mill fire in Arkansas; Russia’s new pulp & paper mill is the first in 40 years; the US Land Management nominee faces scrutiny over tree spiking case; Canadian forestry does not equal deforestation; the quiet strength of California’s Redwoods; and high elevation fires in the Rocky Mountains. 

Finally, the world’s first wooden satellite, and NZ adopts Timber-First policy—to metal’s chagrin.

Kelly McCloskey, Tree Frog Editor

Read More