Bill's Corner- An Eastern Spruce Perspective

Last Friday was a busy day to end an active week in the eastern spruce lumber market, despite many concerns being away attending two major conventions that were held. Strong demand coupled with low supply throughout the week boosted prices by double digits on many spruce items. The resulting orders helped the eastern mills solidify order files through the end of the month. The reloads were very active with orders to deliver prior, especially with the long Thanksgiving break looming. Lower mortgage rates also helped boost confidence and inspire some longer-term commitments.