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Historic data proves unreliable for fourth quarter lumber pricing forecast
The lumber market historic price run UP reverted to a historic price run DOWN that now leaves 'lumber historians'
at a loss to forecast the fourth quarter.

Prices have finally begun to revert back to pre-pandemic means. Here's a few conditions that led to the recent shift in lumber market conditions and prices:

  1. The DIY market has declined. Consumers are choosing other options than work at home projects, such as travel. Current lumber prices also served as a deterrent to DIYer's.
  2. Demand from homebuilders fell. New home construction in May was down 8.8 percent from the 14 year high in March. Now this market has seemed to stabilize.
  3. As prices hit all time highs, mills increased production. With prices falling, they were left with more supply on hand, therefore driving down prices.
The battle cry of today is, 'today is a good time to buy'.
We see little risk buying now as prices are now starting to elevate slightly. - Trio
.
Today, lumber market prices have appeared to reach the bottom. Moving into the fourth quarter:

  • Covid 19 continues to affect all sectors of the lumber market and affect the labor force.
  • Production curtailments are unclear. They are on again and off again like a high school romance.
  • Weather and wildfires continue to be unpredictable.
  • Washington meets again in November to discuss the increase in duties on Canadian softwood lumber shipments. No comment here.
  • Transportation availability and pricing continues to be a battle both nationally and locally.

As the market continues to fluctuate and
return to pre-pandemic norms, expect Trio to do everything possible to
educate and service you.

Call us today to game plan your ongoing projects and needs.
The Lumber Market Today
Source: Random Lengths, used here with permission granted by the publisher.
Ongoing Lumber Market Considerations:

The labor market is by far the greatest pain point for both our customers and suppliers.
Why America has 8.4 million unemployed when there are 10 million job openings
The economy is undergoing massive changes. There’s a big mismatch at the moment between the jobs available and what workers want.
It's a Mystery
A mystery sits at the heart of the economic recovery: There are 10 million job openings, yet more than 8.4 million unemployed are still actively looking for work.
Trio is continuing to work hard to serve all of our customers through these unique times. Our message continues to be the same, do not wait to order, before committing to new projects, recheck availability and confirm current prices. This message has not changed.

Call us today to game plan your next order so there are no surprises.
Trio Welcomes
Mitchell Wallace!

Mitchell joined the Trio Sales Team a few months ago and has hit the ground running. He comes to us with a strong background in the lumber industry and a wide range of experience and knowledge.

We fully expect Mitchell to rise to super star status at Trio and in the lumber industry.

We could not be more excited to have him on our team and feel fortunate he has come to work here with us!
Buy Local. Buy Trio.