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Lumber Market Report

Two things stand out in terms of the lumber market, according to Shed Builder Magazine’s sources: supply that’s higher than demand and buyers reporting good business.
First, supply is still greater than demand, given the import factor. The strong U.S. dollar continues to minimize export opportunities, supporting shipments of imports taking away market share from domestic producers.
For now, sources say, the supply-demand balance seems to be decent for both lumber and plywood.
Sources also say buyers have reported steady business and optimistic reports for the spring and into summer.
However, price increases, particularly in Western plywood and OSB, have most on edge, waiting to see if the market corrects. Sources say inventory levels remain light on the dealer side and unsold wholesale wood is minimal as well.

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June/July 2024