From today's UK FT:
"Timber prices soar on renovation demand
Harry Dempsey in London
Gold and silver have outshone most assets, but another commodity is shaping up to be this year’s best performer: timber.
Prices for wood have hit a record high after demand surged as homeworking as a result of Covid-19 spurred a wave of renovation projects, from fences to sheds, at a time when inventories were running low.
Timber prices have soared 104 per cent this year — almost four times gold’s percentage increase — to $828 per thousand board feet. Last week alone, they gained 13 per cent."
Has anyone felt this yet?
I bought some softwood floorboards yesterday which where 20% more expensive than June...
"Timber prices soar on renovation demand
Harry Dempsey in London
Gold and silver have outshone most assets, but another commodity is shaping up to be this year’s best performer: timber.
Prices for wood have hit a record high after demand surged as homeworking as a result of Covid-19 spurred a wave of renovation projects, from fences to sheds, at a time when inventories were running low.
Timber prices have soared 104 per cent this year — almost four times gold’s percentage increase — to $828 per thousand board feet. Last week alone, they gained 13 per cent."
Has anyone felt this yet?
I bought some softwood floorboards yesterday which where 20% more expensive than June...
