June 2, 2022: Is the Market Bottom Near?

Justin Binning and Ken Timmins with American International Forest Products (AIFP) provide a snapshot of the current lumber market. Buyers continue to keep things close to the vest, keeping low inventories. Lumber costs continue to drop, which may soon lead to curtailments in some mills. Both guests agree that even if a recession does manifest for a period of time, housing will likely remain largely insulated so the market bottom may be near given ongoing demand. Justin has been with AIFP since 2010 with a focus in Southern Yellow Pine and Ken has been with AIFP since 2017, specializing in Fir species. Both specialize in high grade lumber for the component manufacturing industry.