Good Planning Prevents Unexpected Surprises
The demand for engineered wood products grew during the pandemic, as renovation and new home construction surged when companies adopted “work from home” policies. The supply of laminated veneer lumber tightened, and distributors were put on “allocation”, meaning they could only purchase a specified volume and no more. Prices increased incrementally and today they hover about 30% higher than pre-pandemic levels.
Laminated veneer lumber pricing seems to have stabilized. However, supply issues are predicted for the next few years. Current LVL producers do not have any additional production capacity planned. No new North American mills are on the horizon, yet demand is anticipated to remain at unprecedented levels.
If your project calls for laminated veneer lumber (LVL), no matter the brand name or specie, do your homework and pre-order weeks in advance so you’re not caught in a quandary. Supply of LVL beams and scaffold plank is anticipated to remain tight through 2022 and well into 2023.