Lumber Caught in A Market Standoff: Stinson Dean

The video discusses the current market standoff between buyers and sellers, highlighting supply constraints and the impact on lumber prices. It analyzes futures contracts, market spreads, and the role of big box stores in the supply chain. The discussion also covers stumpage fees, particularly in the Canadian market, and the potential impact of tariffs. Finally, it explores the dynamics of demand and supply in the housing market, considering factors like capacity constraints and price equilibrium.

What factors are causing builders to push back against the rhetoric in the current lumber market?

How has the expiration of the May futures contract been characterized, and what does it imply about market demand?

What differences are observed in the current lumber market compared to previous rallies?

What impact do big box stores have on the supply available for single-family home builders?

How do stumpage prices in the U.S. compare to those in Canada, and what implications does this have for lumber prices?

What are the expected break-even prices for Canadian sawmills in the second half of the year?

What signs indicate that the U.S. housing market may be slowing down, and what factors contribute to this?