Are Aussie timber prices about to go through the roof?
Friday 30 Apr 2021In the US, timber prices are going nuts (see story elsewhere in this issue). The price of lumber has skyrocketed to $US1,048 per thousand board feet, up nearly 400% from a year ago – a result of reduced production during COVID-19’s early months, and a DIY and housing boom sparked by low interest rates. Check out these futures:
Classic stuff. More importantly for US investors, share prices of wood suppliers are flying. Australia is entering a building and construction boom of our own. Could the same situation play out Down Under?
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