Shepformation Monthly Newsletter
Information, resources, and news from Shepley for building professionals on Cape Cod and Nantucket.
Lumber Market Report - November 2021
Sales were strong in October, caused by an overall high demand as well as a mad-scramble to obtain fast-delivery lumber. The trucking shortage lead to unexpected outages for many dealers as buyers did little buying ahead of their needs.
Lumber Market Report - October 2021
The market finally bounced back in early September, but not to the expectations that traders and mills had thought. Timing seemed to be the biggest factor as Labor Day coincided with the lowest numbers the market has seen since the spring of 2020.
Lumber Market Report - September 2021
Unlike previous cycles, prices have never reached such stratospheric heights so this “corrective collapse” has been catastrophic to the resellers who have to answer to customers demanding to see immediate price relief, and suppliers need to react.
“He who stops being better stops being good.”
Oliver Cromwell
Lumber Market Report - August 2021
Coming off of record highs, lumber pricing continued to tumble in July. Although the industry as a whole is still quite busy, sales weren't as vigorous as previous months and it appears that the supply chain is replenishing sooner than anticipated.
Lumber Market Report - July 2021
By mid-June, buying slowed considerably as lumber prices hit their zenith, marking the beginning of a hard correction to a market that seemingly had no end.
What Goes Up, Must Come Down
No one likes inflation & unpredictability. Both put a lot of extra pressure not only on those who are buying, but also on those who are selling. The rise in lumber prices over the past year was not the result of one thing, but the sum of many things.