Companies that buy wood from mills have been limiting orders for fear of getting stuck with inventory. A truss manufacturer in Spanish Fork, Utah, last week.An example is in Summerville, S.C., where Interfor is boosting output at a lumber mill that it bought in March from a cardboard maker. The lumber boom has pushed up asking prices for mills, though, which may impede deals like that, forest-product executives said.
“It’s a lot of sailors hitting the town with a lot of money in their pocket, so silly things can happen,” he said on Canfor’s earnings call. He applauded Interfor’s move Wednesday to pay a special dividend of $1.65 a share. “Even if there was an opportunity to build inventories, distribution channels would be reluctant at current market prices,” said Bart Bender, Interfor’s head of sales and marketing.
Source: News Formal (newsformal.com)
But lumber companies can keep hire workers longer by this conditions.
Production of lumber isn’t the issue, it’s getting the lumber to the retailer that’s the backlog causing a “lumber shortage.”
All cooperations they’re trying gets the gain and contracts from new administration ,now everything’s expensive gasundeattct,maybe tomorrow utilities and Traffic HousingCrisis 🆙 if going like that people wishing back trump !
People are killed in Palestine. Those who remain silent and support this persecution are also cruel. Because consenting to persecution is cruelty. Do not consent to persecution If you defend human rights, stop this attack HopeTheGaza
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