Hardwood Market Outlook: Why Low Supply Could Drive Prices Up in 2026

Over the past 18 months, the hardwood lumber market has faced significant headwinds. Demand has been soft, driven by a slower economy, high interest rates, and ongoing tariffs. These pressures have taken their toll, with many mills closing and overall production likely down by 20% or more since 2023. Adding to the challenge, this past…

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