Our VP of Hubbell
$813 right now. How high will it go?
So let me get this straight....wood prices are at an all time high but yet conveniently not high enough to warrant someone to switch to a different building material, got it.
Less and less logs to harvest due to fire plus insect damage .
It’s a commodity, kids - straight supply and demand!
Stock market they never miss a chance to screw us all
Lumber Traders Voices in
CNBC's Kelly Evans
So why are lumber prices rising? They wont go up forever... peak demand usually is followed by less demand...
This is just the beginning. Oil is next.
Split this stock by 10 to 1
He forgot to mention Rayonier, great price right now and they've risen guidance based on the increase in price of lumber/timber.
So weird looking at this video and then comparing prices now and they are all lower
it's greed. nothing else. the trees are there, the people looking for work are there. they could easily crank it up if they wanted to. people work far apart in lumber mills already..
I live in Williams lake b.c and never saw lumber slow down as of trucking or mills slow down.just like everything else they have and are killing small business. Thanks for passing the cost to the consumers. One sheet of 1/2 standard plywood was 48.00 Canadian.what a shame.u can blame who ever u want too ,but if u can't see the politics and covid game.u haven't woke up yet!
I priced lumber for a small home, in mid December, 2020. Priced it again today, Mid January, 2021. Lumber prices increased across the board, 60%. That is 60 percent on top of a prior 40% increase from last March!! This means lumber costs have doubled!!
Products for necessities should never be rigged under supply and demand. It should always cost the same price to pay the employee according to the average income for the time and to transport it. Having slowed production due to less workers, means a longer waiting list for private home builds, it shouldn't mean a larger price. If anything it will be less because there are less shift hours worked, to cut and transport the wood.
The Onion Futures act, existed for a reason. It should apply to the entire world of trading. Here in Canada we are seeing one corrupt scandal after another. This is just one more to add to the list. Thanks a lot to the elitist scumbags who rule each and every country. Nothing but sociopathic thieving crooks.
Does anyone actually believe that mills cut production on spec that the market would shrink while the market was growing? Some big players are buying up the mills while our host pretends not to notice.
He's not much help just reading financial reports while never researching the supply side. Who's running the mills at 30% while prices are at an all time high? Who keeps the competition quiet?
Supply and demand don't work if supply doesn't serve demand. Some hidden hand is choking the supply.
I'm talking about Uneducated Economist. I thought that this was his channel.
Monopolies corporations swindlers an the biggest scheming theiving pathological liar's in history with prick chump.