As we move into the quieter months and winter, lumber and timber prices should have stabilized, however, with climate change, flooding in the Pacific Northwest, lower inventories, and continued high demand, lumber is on the move again and it is still December! Lumber prices bottomed in the summer of 2021 and we had hoped for more stable and predictable costs. However, this is not the case.
We hope that the degree of price increases will not be as strong as a year ago when lumber doubled and tripled in a matter of months. However, during the pandemic period, we have learned never to bet on the market! (Look what happened a year ago…). For Tamlin’s clients who are planning their packaged home construction next year, many are locking in prices now to avoid the uncertainty.
Aside from lumber other building product prices are continuing a strong trend of higher prices and the difference from previous years is that the price increases are more frequent (several times a year) and larger. This, combined with poor logistics for deliveries for many products, is certainly a challenge all over North America.
Because Tamlin ships all across the USA, the strong US dollar (relative to the Canadian dollar) is at least a great offsetting factor to other commodity price increases. Contact us to learn more about how we can help you control costs and reduce the risk of sudden inflation in prices for your building project.