Sherwood’s Steve Loebner sharing some intel on the lumber roller coaster. Do you think the rollercoaster is over?
“The move up was quick and violent, and the fall we have seen has been equally dramatic,” Steve Loebner, director of risk management at Sherwood Lumber, told Fortune magazine. “I think we are getting close to a trading level being established, which will bring in buyers off the side-lines and firm up the market. I don’t expect a return to the hyper volatility on the upside we experienced earlier this year, but it’s very reasonable to expect that prices will remain well above their historic norms overall.”2021-09-13T04:00:00Z2021-10-01T04:00:00Z