Lumber prices fluctuate based on supply from forestry companies and demand for home renovation and building services. However, the pandemic shutdowns slowed the supply significantly in recent years. All of this has led to product shortages and higher prices. However, the material still plays a major part in the future of the US, and the industry is likely to benefit consumers for years to come. 

Why Is Lumber Important for Our Future?

Lumber has been an essential material for building and renovation projects for generations because of its strength, easy workability, and sustainability. Whenever trees are harvested to create boards, more can be planted in forests, so the supply never runs out and the environmental benefits of trees are sustained. 

Manufacturers are also inventing exciting new ways to improve traditional lumber and make it more useful in various construction and renovation projects. For example, when wood is recycled, the pulp may be used to create a material that can be used in 3D printing devices, allowing producers to form specific shapes quickly and automate the production process. Producers are also creating cross-laminated timber using thin strips of wood held together by fire-resistant glue to improve both strength and safety when building large structures. 

What Should Be Expect From the Lumber Industry in the Next Five Years?

These exciting innovations and strong, sustained demand from consumers mean lumber is likely to remain a hot commodity in the coming years. However, forestry companies can always plant more trees to increase the supply and make the most of strong market conditions. The ability to produce more materials and pay workers to process and distribute product will eventually lead to more accessibility.

If you’re looking for quality lumber for home renovation or building projects this year, Weiss Do It Best Lumber in Perryville, AR, can help. The home improvement store offers a huge array of products and personalized service to help you find the exact items for your needs. Visit the website to browse a full list of products. To speak with a team member, call (501) 889-2695.