evan_aggie said:ABATTBQ11 said:
Good article on why sawmills aren't going to come online to meet demand.
https://www.wsj.com/articles/despite-lumber-boom-few-new-sawmills-coming-11621243982?mod=flipboard
I can't read the full article but as the first part mentions: why run at full capacity when people will pay 2x the price for the same amount of work.
Article also mentions that lumber companies will pay a bit of capex to renovate and streamline current facilities to make them more efficient but they are gonna stockpile cash with the inflated prices