Weyerhaeuser CEO Devin Stockfish said home-improvement projects are a key driver of lumber prices. Lumber prices have fallen from May's record highs, but experts say they will stay elevated for several years. A truck-driver shortage is also threatening to push prices even higher. The CEO of Weyerhaeuser, one of the world's largest private owners of timberland, said the housing boom is not the only reason lumber prices are soaring — a surge in home-improvement projects is also driving the market.   ...
Register for unlimited accessWe work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!