What Does the Crystal Ball Show?

What Does the Crystal Ball Show?

July 5, 2022

 

Many members are stating that they are working through existing orders faster than they are receiving new ones and their overall “gut level” feeling is that business is starting to slow.  Lumber prices are starting to stabilize and there is finally material available that US manufacturers can purchase and turn into something that they can sell for a profit.  Many companies have gone to a four (4) day work week- four ten (10) hour days and have been using Fridays for voluntary overtime if it is needed.   Many members are telling us that they don’t see those orders materializing and they will be eliminating the Friday shift after the Fourth of July. Prices have been rising constantly for the last two years, and it is time they started to stabilize.

We are advising all WPMA members to carefully plan for the future so that they are not lulled into thinking the orders are going to continue flowing in without prices.

Many customers have told the office that if prices did not stabilize soon, they were in danger of losing customers to non-wood substitutes.