New York State
Odd place to draw it though
Last summer a lumberyard delivery driver was telling me that the local plywood mill was holding back product, which at the time jumped a 1/2" sheet of plywood from $20 to $27 almost overnight.
More recently, been watching the rail cars that usually bring Canadian lumber into the US roll by empty.
The shortages are artificial though, the mill log piles around here are stacked high.
I kinda have a theory floating around in the back of my mind on it, but haven't researched it. With the covid crap and people not all working, I bet the stack of foreclosure paperwork on the bankers desks is pretty tall, more than normal. Once they are allowed to take possession, the banks are going to have a lot of properties to liquidate.
If I were a banker, I'd use that to my advantage. Rising lumber prices means higher construction prices, means higher real estate prices….banks could liquidate for a tidy profit. Getting the mills to play along means more profits for the mills too.
It's just a thought though…