What do flat lines in our graphs below mean for the lumber market?
Perhaps is means that supply and demand are at a temporary check mate.
Some predict the 2023 market may look a lot like 2018 / 2019. So far, that is the trend. Even though interest rates continue to fluctuate (up .25 points last week), nationwide residential housing starts are up 13% and permits are up 9.8 % since January. Multifamily is predicted to stay strong for this upcoming spring season.
As winter winds down, hope remains that spring conditions will bring about a stronger demand for lumber.
Building typically amps up nationwide with favorable weather conditions.
Overall, our business partners are cautiously optimistic about the consistency in volume demand for 2023.
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