Wood products pricing surge expected to persist, raising 2021 house, renovation costs

The Canadian Press/Darryl Dyck

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An unexpected rebound in wood product prices this month is boosting profits for Canadian forestry companies but leaving homeowners and buyers with the prospect of higher home and renovation costs in 2021.

Prices for lumber and wood panels are up in December due to strong housing markets and limited capacity to increase North American production following a seasonal softening of prices in October and November, said RBC Capital Markets analyst Paul Quinn.

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Source: Ladysmith Chemainus Chronicle

 

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