According to Madison’s Lumber Reporter, we can expect to see strong lumber prices and demand for up to two years.
This is not just because the pandemic sparked a boom in the repair and remodelling market, but also because, in 2020, millennials made up the largest cohort of first-time buyers for the first time.
In this episode of The CFI Podcast with Keta Kosman, owner of Madison’s Lumber Reporter, digs a little deeper. In this episode, we take an in-depth look at the lumber prices and demand seen in 2020, some of the main concerns for distributors and buyers, what we can expect to see in 2021, other trends we’ve seen, and more.
“We’re now having a large demographic entering the U.S. housing market that has nothing to do with the pandemic. And that’s 25 years’ worth of people. So, it’s very positive,” said Keta Kosman, publisher of Madison’s Lumber Reporter. “Definitely through this year, there will not be a slowdown in US home building, sales, and house price increases, and potentially also through 2022.”