I’ll tell you, as an owner of timber property and a periodic seller of managed timber...we are receiving less today than we did a few years ago. Also the first line saw mills are paying less to those who cut and harvest the timber. So the increase in lumber prices is not being seen by those who grow and harvest the timber.
He says that the major sawmills in the SE took advantage of the covid lull to refit all their equipment to the tune of millions.
A different friend said he talked to a VP of GA Pacific and asked him who was getting all the money because the growers and the retailers weren't. Guy grinned and said, "We are."
Like I said. Price gouging.
For some reason I remember that is against the law and specifically in the midst of this scamdemic.
Selective enforcement.