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Lumber prices surge as Canadian duties and outages tighten supply

WSJ Markets links the spike to higher costs from Canadian lumber duties, supply disruptions tied to wildfires, and sawmill closures.

Reported · Written up by our desk · Energy Transition

Lumber prices have risen sharply, even as home building remains sluggish, reflecting tighter supply conditions in the forestry and milling pipeline, according to WSJ Markets.

The outlet points to steep duties on Canadian lumber as a key cost and supply headwind, alongside disruptions that have reduced available inventory.

WSJ Markets also cites wildfires and sawmill closures as factors that have constrained production, helping push lumber prices to their highest level in years.

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