Lumber Demand Remains Soft in May

New reports suggest the current conditions of limited inventories and last-minute ordering is continuing between the US and Canada. Madison’s Lumber Reporter wrote that Southern Yellow Pine East Side 2×4 prices were back down to where they had been in January and February. It added that Western Spruce-Pine-Fir 2×4 prices, often considered a benchmark, steadily […]

Housing Market Not Likely to Rebound Anytime Soon

It’s not getting worse but an analyst report sees housing being soft for the immediate future. “We anticipate ongoing pressure ahead, as interest rates remain somewhat elevated—restrictive monetary policy due to higher-than-expected inflation—and continue to weigh on affordability and borrowing, resulting in deferred home investment.” That’s the bottom line forecast from Telsey Advisory Group, the […]

LL Flooring Is Coming Back…as Lumber Liquidators 

Back under the ownership of its founder, the flooring retailer is expected to emerge from bankruptcy with fewer stores and an old familiar name.  Just when it seemed LL Flooring would succumb as another retail victim of the downturn in the housing and home improvement business, it appears that it will live to see another day.  […]