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After lumber prices surged in 2021 and 2022, the lumber industry responded by investing to increase production. Many lumber veterans saw a long-term opportunity for increased demand for their ...
Addiego recalled that lumber prices jumped about 50% over a few quarters following the 2017 Tubbs fire, which destroyed more than 5,600 structures in Napa and Sonoma counties.
As a result, the shortage and higher prices for lumber in 2021/2022 have increased inflationary pressures for American consumers. [51] On August 19, 2024, the US raised tariff rates on imports of Canadian softwood lumber products from 8.05% to 14.54%. [52] [53]
[7] [37] Price increases would compound with high inflation in the U.S., especially in grocery prices. [37] The cost of Canadian lumber, used by many homebuilders in the U.S., would also likely increase. [7] The tariffs would also cause risk to the U.S. farming and fishing industries. [8]
After more than 40 years of serving customers with individualized care, Kitsap Lumber and Hardware on National Avenue in Bremerton is closing. Pandemic, prices and corporate competition lead to ...
In the narrow sense of the terms, wood, forest, forestry and timber/lumber industry appear to point to different sectors, in the industrialized, internationalized world, there is a tendency toward huge integrated businesses that cover the complete spectrum from silviculture and forestry in private primary or secondary forests or plantations via the logging process up to wood processing and ...