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Market Brief

December 4, 2020 - Lumber remained in short supply due to the lack of logs and available labor. Some contacts anticipated better log availability in the next few weeks; others see shortages lasting into the spring. Even though demand has slowed some to Europe and U.S. home construction is moving into a seasonally slower period, demand is still completely outstripping supply, and prices are rising accordingly. Green lumber is tough to find, and air-dried inventories are slim to none, putting sawmills and concentration yards behind in filling orders. One contact said, “I have 30-50 purchase orders that we have no lumber for.”