Construction Industry: Sawn Timber Sees Accumulated Drop of 32%, But Its Price, Two Years Later, Is Double That of 2020! Pandemic and Russia Are Driving Factors

Written by Daiane Souza

Published on 20/06/2022 at 06:39

Updated on 20/06/2022 at 12:35

Construção civil e madeira serrada – Canva

Seja o primeiro a reagir!

Lumber Is One of the Main Items of the Construction Industry Both in Brazil and Abroad, So Much So That Houses in the United States Are Mostly Built Using This Category of Material. In Short, Lumber Can Be Used for the Construction of Forms, Walls, Floors, and Other Purposes.

Lumber has an accumulated decline of 32% over the past 52 weeks. However, according to data published by Investing, the average price of lumber is double what it was being charged in 2020, when the pandemic was at its peak in the United States under Trump’s administration. The impacts fall exclusively on the construction industry, which uses this material on a large scale, so much so that a large part of homes in the United States are made from wood in walls and floors. The war between Russia and Ukraine has again impacted prices.

It is not only lumber that is facing a significant increase in its accumulated value since the pandemic, despite the 32% decline over the past year. Metals have also been key players in this scenario. Steel and iron saw sharp increases during the pandemic year and have since fallen by nearly a third. Now, it is worth noting that they are experiencing a new rise due to the war between Russia and Ukraine.

Check the History of Lumber Prices

Check the history of prices charged for lumber. Source: **Investing**

During June of 2020, two years ago, the average price at which lumber was being traded was around US$ 297. However, now, despite its accumulated decline over the past year, it is being quoted at over US$ 570, which is practically double. On this Monday, June 20, the price is experiencing strong fluctuations with new increases of 2%. Despite this, the market appears positive, believing that price stability may be a reality starting in 2023.

ARTICLE CONTINUES BELOW

War Between Russia and Ukraine Causes Accelerated and Unstable Prices of Commodities. It Is Unknown What Will Happen to the Construction Industry

The war between Russia and Ukraine has caused the pace of commodities to become completely accelerated. After all, the world is becoming more and more globalized, and one country needs another for the economy to remain stable. One of the biggest impacts has fallen on the price of Brent oil, with an accumulated increase of 65%, while diesel and gasoline prices were adjusted during last Friday, June 17.

Putin, the Russian president, states that there is no forecast for the conflicts to come to an end and that he expects the redemption of the Ukrainians.

Construction Industry: Sawn Timber Sees Accumulated Drop of 32%, But Its Price, Two Years Later, Is Double That of 2020! Pandemic and Russia Are Driving Factors

Lumber Is One of the Main Items of the Construction Industry Both in Brazil and Abroad, So Much So That Houses in the United States Are Mostly Built Using This Category of Material. In Short, Lumber Can Be Used for the Construction of Forms, Walls, Floors, and Other Purposes.

Check the History of Lumber Prices

War Between Russia and Ukraine Causes Accelerated and Unstable Prices of Commodities. It Is Unknown What Will Happen to the Construction Industry

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

A producer from Santa Catarina started with a poultry farm of just 7,500 birds in 1994 and three decades later manages 21 farms thanks to a simple strategy he learned early on.

China wants to eliminate diesel trucks, betting on electric models that can cut oil consumption by up to 50%, reduce pollution, and change cargo transportation worldwide.

Melting ice is altering the planet’s weather, days are getting longer, Earth’s rotation is slowing down, and scientists are pointing to a phenomenon not seen in millions of years.

More than €600,000 in gold hidden in pots and an “invisible” safe inside an old house turns a small French town into the stage for a discovery that reveals how entire fortunes can remain buried for decades without anyone noticing.

Japan enters the war with the Terra A1 drone priced at $2,000 and turns the math against Putin by taking down swarms of Iranian drones for a fraction of the cost.

Scientists made electrons flow like a frictionless liquid within graphene — the result violated a law of physics that had been in place for over a century by 200 times…

Construction Industry: Sawn Timber Sees Accumulated Drop of 32%, But Its Price, Two Years Later, Is Double That of 2020! Pandemic and Russia Are Driving Factors

Lumber Is One of the Main Items of the Construction Industry Both in Brazil and Abroad, So Much So That Houses in the United States Are Mostly Built Using This Category of Material. In Short, Lumber Can Be Used for the Construction of Forms, Walls, Floors, and Other Purposes.

Check the History of Lumber Prices

War Between Russia and Ukraine Causes Accelerated and Unstable Prices of Commodities. It Is Unknown What Will Happen to the Construction Industry

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

A producer from Santa Catarina started with a poultry farm of just 7,500 birds in 1994 and three decades later manages 21 farms thanks to a simple strategy he learned early on.

Lufthansa shuts down subsidiary CityLine immediately, cuts 2,200 jobs overnight, and leaves 27 jets grounded amid strikes and rising jet fuel prices.

The government will pay R$ 1.20 for each liter of diesel that Brazil imports and for the first time in history requires distributors to reveal how much they profit — those who hide their margins will face fines of up to R$ 500 million…

The government accelerates the project to eliminate the 6×1 shift and reduce the workweek from 44 to 40 hours without cutting salaries, but the risk of inflation and informality is taken into account.

Goodbye, Brazil: Brazilians claim to be ‘oppressed’ and head to Paraguay in search of a ‘right-wing dream’ with 10% taxes, energy up to 2.8 times cheaper, and 23,500 residency applications in 2025.

Italy is suffering from a labor shortage and is desperately seeking people with 500,000 job openings by 2028, creating an exclusive visa outside of quotas for descendant Brazilians, accelerating hiring with 164,000 already in 2026, and paving the way for immediate legal work in the country.

China wants to eliminate diesel trucks, betting on electric models that can cut oil consumption by up to 50%, reduce pollution, and change cargo transportation worldwide.

Melting ice is altering the planet’s weather, days are getting longer, Earth’s rotation is slowing down, and scientists are pointing to a phenomenon not seen in millions of years.

More than €600,000 in gold hidden in pots and an “invisible” safe inside an old house turns a small French town into the stage for a discovery that reveals how entire fortunes can remain buried for decades without anyone noticing.

Japan enters the war with the Terra A1 drone priced at $2,000 and turns the math against Putin by taking down swarms of Iranian drones for a fraction of the cost.

Scientists made electrons flow like a frictionless liquid within graphene — the result violated a law of physics that had been in place for over a century by 200 times…