The CFI Podcast: an in-depth look at the 2021 North American lumber market
By CFI Staff
By CFI Staff
If you read the 2021 North American lumber market outlook from yesterday, 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.
According to Keta, 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 remodeling market, but also because, in 2020, millennials made up the largest cohort of first-time buyers for the first time.
“So, 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,” she said. “Definitely through this year, there will not be a slowdown, and potentially also through 2022.”
Listen to the SoundCloud link below to hear more from Keta about the 2021 North American lumber market.
Have an idea for a podcast episode? Email CFI editor Ellen Cools at firstname.lastname@example.org.