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[/caption]Call us at (770) 995-3900 for all of your building material and lumber needs.
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[/caption]As if the mill shutdowns and curtailments weren't enough, the strike by the union representing locomotive engineers at the CN railway gives lumber futures another boost, and will decrease available wood in the supply chain. January lumber closed up $8.50 per m $234.80 after trading at the $10.00 limit at $236.30 early in Tuesday's session. Lumber and building material supply in the Atlanta - Athens Georgia area is already thin, with many items actually scarce.
[/caption]If you put off building a new home this year, you missed the lowest lumber prices in a quarter-century (don't worry yet though, mortgage rates are still low). Although lows for lumber typically occur in November, this year, due to a strange twist of supply and demand fate, November marks the highs for 2009. The invisible market forces of ongoing mill shutdowns / curtailments (reduced supply) and increasing new construction sales / starts (increased demand) have caused nearby lumber futures to jump 70% in only 10 months from near lows that haven't been seen since October 1985.
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