U.S. sawmills unable to increase output to satisfy high demand and construct new homes

Posted on January 24, 2022   |  

• U.S. domestic sawmills are unable to increase output to satisfy growing demand since mid-2020 which led to a lack of new home availability. 
• The lack of labor is the reason for the lack of domestic lumber production, an issue that transcends beyond the lumber and panel manufacturing and construction sectors in the US economy.
• The lack of increased domestic sawmill activity is one of the primary factors that has driven higher lumber and panel prices and is creating price volatility in both the lumber and housing markets.