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The twin-peaked lumber bubble of 2021 and 2022 that once drove home building costs through the roof and exacerbated inflation is now nothing more than a memory.. Spot lumber prices have plummeted ...
That followed Home Depot's 0.3% drop in comparable sales for the fourth quarter, ... driving demand for lumber. And though lumber prices have fallen sharply, the firm noted for many "core" housing ...
Lumber prices. Presently there is a healthy lumber economy in the United States, directly employing about 500,000 people in three industries: Logging, Sawmill, and Panel. [62] Annual production in the U.S. is more than 30 billion board feet making the U.S. the largest producer and consumer of lumber. [62]
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On March 4, 2021, the U.S. Department of Commerce announced the notice of initiation of its Third Administrative Review (AR3) of the softwood lumber countervailing and anti-dumping duty orders. [50] On 9 November 2021, the US implemented a double tariff on Canadian softwood, which in turn increased lumber prices in the US even further.
Lumber Liquidators is an American retailer of hard-surface flooring including hardwood, laminate, vinyl plank, tile, bamboo and cork, as well as flooring tools and accessories. The company filed for Chapter 11 bankruptcy on August 11, 2024, [ 3 ] and was able to avoid liquidation 3 months later after a last minute deal to be acquired by ...
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