Annex Business Media: Podcasts

Since summer 2020, lumber prices have been strong, reaching unprecedented levels as demand skyrocketed after the first wave of COVID-19. But what does the North American lumber market look like in 2021? To answer that question, we spoke with Keta Kosman, owner of Madison’s Lumber Reporter, in the latest episode of The CFI Podcast. We also discussed the lumber prices and demand seen in 2020, some of the main concerns for distributors and buyers, and other trends that we’ve seen in the past year. 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 w