Bill's Corner- An Eastern Spruce Perspective

Sales slowed on Friday to end last week in the eastern spruce lumber market. It was less than a spectacular week overall as trader’s hopes and expectations were for better demand and more orders being transacted. Curtailments and production cutbacks announced at some mills did not spur a change in client buying habits. To many there was enough supply to cover their current needs in the market. The monthly report of lower housing starts and permits also helped quell activity, along with the extreme heat in many parts of the country.