RBC Lumber Markets Comments 01:03 PM EDT, 06/17/2021 (MT Newswires) -- RBC Capital says that it has been fielding increased questions about current lumber market dynamics. The brokerage reached out to several of their lumber trader and privately-held producer contacts to get a better handle on what is happening in lumber markets today.
Key takeaways include:
1) there is a wide range of views of where pricing could normalize, but it's likely well above pre-pandemic all-time highs;
2) the current dip is normal seasonally and pricing should bounce back in mid-to-late July; and,
3) slowing DIY activity has been offset by very strong housing demand, but OSB shortages are slowing construction activity.