The CFI Podcast: Keta Kosman on the 2021 North American lumber market

The newest episode of The CFI Podcast is now live! This episode follows up on the 2021 North American lumber market outlook published in CFI's Jan/Feb 2021 issue. We spoke to Keta Kosman, owner of Madison's Lumber Reporter, to get a more in-depth look at the lumber prices and demand seen in 2020, some of the main concerns for distributors and buyers, what we can expect to see in 2021, other trends we've seen, and more.

According to Keta, we can expect to see strong lumber prices and demand for up to two years. This is not just because the pandemic sparked a boom in the repair and remodeling market, but also because, in 2020, millennials made up the largest cohort of first-time buyers for the first time.

"So, we're now having a large demographic entering the U.S. housing market that has nothing to do with the pandemic. And that's 25 years' worth of people. So, it's very positive," she said. "Definitely through this year, there will not be a slowdown, and potentially also through 2022."

Listen to the episode to hear more from Keta about the 2021 North American lumber market!

Each episode of The CFI Podcast is available for free on CFI's website and on Annex Business Media's SoundCloud and iTunes account.

Have an idea for a podcast episode? Email Ellen Cools at ecools@annexbusinessmedia.com