Domestic hardwood lumber consumption and exports, yesterday and today

Abstract

Domestic Hardwood lumber consumption has changed considerably in this century, but how do these changes differ from changes that have occurred over the last 50 years and how have they affected lumber price? In this article, we examine how changes in consumption have influenced aggregate Hardwood lumber prices as reported by the U.S. Bureau of Labor Statistics adjusted for inflation (Fig. 1). For this analysis, we separate consumption into four industrial sectors, furniture (wood household, upholstered household, and office, institutional and custom office millwork), construction and remodeling (flooring, millwork, kitchen cabinets and other building products), industrial (primarily pallets and crossties) and other products (staves, handles, and assorted miscellaneous products) and international trade (exports and imports). When useful, we will also examine individual industries within these sectors.

Citation

Luppold, William G.; Bumgardner, Matthew S. 2016. Domestic hardwood lumber consumption and exports, yesterday and today. National Hardwood Magazine. Christmas: 30-33.