Labor shortage, wet weather cause lumber prices to surge 359%
Story Date: 5/4/2021

 

Source: Tyne Morgan, AGWEB, 5/3/21


As shoppers face sticker shock when buying lumber, prices continue to climb. Lumber prices are up 359% since last year at this time, with a 69% increase taking place since the start of 2021. But the higher prices aren’t trickling down to producers. “Unfortunately, not; if you look at it from the stumpage and delivery, prices are very hyper local,” says Jonathan Smith, executive director of TimberMart-South.  TimberMart-South is a timber price reporting service that covers pricing from eastern Texas to the Southeast.

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