How much are rising lumber prices from BC forest fires affecting your business?

Renovators and homebuilders operating on fixed price contracts have already had to deal with steep drywall price increases. Now, BC’s ongoing forest fires – which have shut down major lumber mills – are threatening to drive dimensional lumber prices higher, too.

How much higher? Commodity analysts have talked about immediate 7-8 per cent price increases in spruce-pine-fir lumber, with even higher increases likely.

Here is a CBC story providing more detail.  

Let us know if you are noticing higher lumber prices in your area, and how they are affecting your business.