Recent sources indicate a spike in lumber prices nationwide are going to occur in the very near future of 2011. According to Pro Sales Online which is a well known trades web site for the lumber industry, we can expect this. According to a recent published report by Jim Haughey, Haughey believes one such spike will occur in lumber as housing starts increase; he expects they'll rise from an annual rate of around 600,000 today to 800,000 by year-end 2011. "A sharp price spike for lumber is likely in the spring or summer until additional mill capacity is restarted," he said. "The price surge will ebb after a few months, but prices will remain clearly above the pre-spike level."
Along with this a few words have buzzed in the industry with China and Russia no longer having as solid of a relationship as in the past. If this trend continues, China could start to purchase materials for their ever growing appetite for growth through other countries. One major candidate for these purchases could be just to the north of us, Canada. With Canada and the US currently having a smaller than average work force, the demand could cause prices to jump faster than predicted above. All hear say, but something to consider if even considering the thoughts of building a new home in the spring of 2011.
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