It’s starting to be a trend to bring you good news on Mondays. It starts the week of on a good note.
According to the “Marketplace” section of the Wall Street Journal, plywood is in hot demand. An increase in demand combined with limited supplies have bumped prices up nearly 50%.
They also report that this is the best sign yet that the housing market is truly on the mend.
After a major decrease over the last 5 years, Georgia-Pacific is having to bump up production significantly to accommodate large customers such as Lowe’s and Home Depot.
Georgia-Pacific, as well as Boise Cascade, the second largest producer of softwood plywood in the US, is adding employees and increasing hours to meet the increasing demand.
We all know this means the recovery of the commercial market is right around the corner.
Are you ready?
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