Tag: NYSE: TOL

Continued strong demand combined with restricted supply pushed prices yet higher, so in the week ending January 14, 2022 the price of benchmark lumber item Western S-P-F 2×4 #2&Btr KD (RL) rose by +$70 or +6% to US$1,170 mfbm, from $1,100 the previous week, said forest products industry price guide newsletter Madison’s Lumber Reporter. That…

Unusual for the time of year but a surprise to no one, lumber prices rose further in the second week of January. Ongoing momentum of strong demand from the end of 2021 combined with significant supply constraints, most notably from the northwest especially British Columbia, served to keep prices high. Transportation issues throughout the supply…

Transportation issues throughout the supply chain caused a feeling of panic among softwood lumber buyers, as the usual 6-week delivery time turned into 2-months or longer. Frustration reigned with customers as the location of wood previously ordered was unknown. This problem with deliveries is due to a series of very powerful storms and massive flooding…

Continuing significant lumber sales volumes and ongoing constraints with supply, particularly in transportation, served to drive most construction framing dimension softwood lumber prices higher in the first week of 2022. It seemed like building activity has not taken a breather for the past year and a half, as housing starts in the US and Canada…

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