The US price of lumber has risen by close to 20% since the start of the year, following an increase of over 20% in 2016. Over the course of last year, the price was playing catch-up with developments in the US housing market. More recently, the threat of trade barriers on imports of Canadian softwood lumber has boosted prices. In this Commodities Watch, we discuss the outlook for demand and supply of lumber in the US and what this means for prices.
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