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Why are lumber prices skyrocketing? The answers are in Canada.
Marketplace All-in-One
English - January 24, 2022 12:38 - 7 minutes - 11.8 MB - ★★★★★ - 1.2K ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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One of the major obstacles to home construction has been the availability and cost of raw materials. This is especially true for lumber, which has risen greatly in price. The source for that spike can be traced to a variety of problems in Canada. The U.S. and China have engaged in a duel of flight cancellations. Today’s markets are mostly continuing a selloff as there’s plenty of uncertainty to go around.