Us timber prices have soared again, reminiscent of a year ago, when high timber prices warned of supply chain problems and widespread inflation.

Timber futures for January delivery closed at US $1089.10 per thousand board feet last Friday, twice the spot delivery price in mid November.
Spot wood prices are also rising. Random length, a pricing service, said its framework composite index, which tracks spot sales, had risen 65% since October to $915 / thousand board feet, the highest increase in history.
Some analysts and traders said that timber prices would continue to rise in winter.
Flood affects price
Ross price, chief financial officer of Mickey group, a commodity trading platform, said that the timber operation of West Fraser, one of the world's largest timber producers, was seriously affected by the flood in Columbia, Canada.
The floods interrupted the transportation of railway and truck lines, thus limiting the overseas shipment of West Fraser timber. The weekly shipment of timber in western Canada decreased by about 25% to 30% in the second half of November.
Timber Merchants are hoarding timber for fear of further price increases and supply problems. The decline in West Fraser's timber shipments has led businesses to rush to the Eastern market to purchase timber, pushing up timber prices in the Great Lakes region and the southern region.
The real estate market is hot
Since the outbreak of the epidemic, as the American people began to attach great importance to housing construction and home improvement, housing sales were extremely hot, and U.S. House prices once approached an all-time high.
The National Association of home builders announced on December 15 that although the builder confidence index is slightly lower than the peak level last autumn, it still touches one of the most optimistic indexes since 1985.
On December 16, the U.S. Department of Commerce said that at a seasonally adjusted annual rate, 1679000 new homes were started last month, an increase of 12% over October, the largest increase since March.
High house prices have also raised the prices of wood and other materials. Random length said that wood demand has exceeded supply, prompting sawmills to significantly raise prices in the hope of slowing down the backlog of orders until the new year.
However, raising interest rates can cool the hot real estate market. Higher borrowing costs will reduce the ability of home buyers to keep up with rising prices, while builders usually use rising prices to offset the impact of rising costs. Most Fed officials expect to raise interest rates at least three times next year, by 25 basis points.