Two years that changed the lumber distribution industry

By Matt Meyers, Yelser CEO
Hardwood + Builder Supply Dealer
February 17, 2023
Category: Finance & Economics
Region: Canada

Matt Meyers

The past few years have changed almost every facet of life. The way individuals communicate, do business, and engage with the economy have been seriously altered. One such impacted industry has been Lumber. For example, on December 15, 2022, a Yesler customer secured a load of 7/16” OSB for $271 per thousand square feet. Just seven months prior a customer had paid $2,000/msf for the same product. Economically, that sums up 2022. With rapidly rising interest rates tamping down exuberance in housing development, the over-stretched slinky known as the lumber and building materials supply chain recoiled itself back into its original box. …While the past few years have been tough, there are both hope and concrete actions that businesses can take to recover. The best news for the housing market, regardless of Fed policy, interest rates, and recession risk is that it doesn’t have as far to fall as last time. 

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