U.S. timber prices soared to an all-time high, and commodity prices in the North American market fluctuated greatly this year. North American stock markets have been soaring, and the rise and fall of commodities this year is more obvious. In particular, the price of timber in North America has reached an all-time high. The timber futures price to be delivered in January 2022 is now! Slightly less than $1100 per thousand board feet (2.36 cubic meters). In contrast, this price is more than twice that since November last year. In addition to futures, spot prices are also rising. According to the framework composite index monitor that tracks wood sales, the price of conventional wood in the North American market has increased by 65% since October last year, reaching about $915 per thousand board feet (2.36 cubic meters).

As for why this happens, there are several reasons. The biggest reason is related to excessive flooding in British Columbia, Canada. A recent storm has prevented sawmills from cutting more timber, and the flooded roads have also prevented newly cut timber from being transported to customers. These supply chain problems have led to tight wood supply throughout North America.

According to “Wall Street Journal” wood industry analyst Todd? “This is another perfect storm of shortage of construction products. There will be a shortage of wood and many other products,” tomarak said The rise in timber prices will also further support house prices in the United States. Because most houses in the United States are built from Canadian wood. With interest rates so low, real estate demand has reached an all-time high. Therefore, the lack of building materials will only further push up house prices in the United States.