If you’ve needed lumber over the last year, you’ve definitely noticed that the prices have been steadily climbing into record highs. We all braced ourselves for increases when the president announced the tariffs on Canadian lumber, but no one expected what we’ve been seeing.
Consequently, buyers are frustrated and can even feel taken advantage of. After all, how can tariffs make prices skyrocket like they have?
They can’t. There’s what some call a “perfect storm” happening in the lumber industry. Many factors unite to propel greater demand and higher prices. So what gives? The infographic below outlines the major culprits. Remember: these are the greatest contributing factors. As we move forward, more circumstances can come into play, like competition overseas.