Why lumber is so expensive now!
There are basically 5 reasons why lumber is so expensive just now. It’s an intersection of events colliding at once to create this phenomenon. Here it is in a nutshell:
The Lumber Industry just came out of a 12-year recession. Sawmills closed, massive layoffs and other cutbacks hurt the industry. Active sawmills are having trouble finding Labor, just like every other industry.
Sawmill openings/building new ones. You would not think it would be difficult to build a roof and put saws underneath. But from what I have read, getting a new saw mill off the ground is not easy or fast.
Eco groups, tree huggers and democrat regulations covering cutting, trucking and sawing are designed to help cripple that industry. Then they wonder why they can’t get wood. Duh.
Canada amounts to 30% of US consumption. Most coming from British Columbia which has been battling a beetle infestation. This ruins the wood.
Covid-19 spawned a construction boom. People were staying home and saying to themselves, now would be a good time to get that project underway. Whether is be a new deck, fence or and addition, they all need wood.
Not to mention the housing market in general. New home builders cannot deliver a house for nearly 1 year. They say due to Labor. They just don’t have enough men to build the homes. Can you imagine what the price of wood would be if they had enough Labor to finish the homes faster?
Apparently, the average house uses 16,000 board feet of wood. 1,000 board feet is a 12x12x1. Normal price for 1,000 board feet is between $200-$400. Today, its $1,000-$1,400 per board feet.
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