Outlook for lumber prices..... Looks like cost for crating lumber will be going up, good time to start planning.....
According to the Kiplinger Report (7/14), soft wood lumber had a strong bounce back earlier this year. Now holding steady. Prices had fallen as demand decreased from housing bust. Home building and new sawmills should balance out the supply and demand.
Kiplinger report also goes on to say that hardwood prices should gain due to overseas demands. Not to mention, as our American economy keeps improving, demand keeps rising for shipping crates, flooring, cabinets, and other hard wood home improvements. Kiplinger predicts some types of hardwood grades to rise 3-5% from 2014 lumber costs.
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