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Maximum Volatility Alert Across Lumber Prices & Construction Commodities As Drought and Wild Fire Threats Hit High Alerts

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Wild Fire Threats Hit High Alerts Today Signaling An Increased Threat To A Already Stressed Construction Logistics And Supply Chain. More Importantly It Poses A Price & Supply Threat To Lumber.

United States Of America – Wildfire & drought alerts hit high levels today across BYLT systems and the the country as the United States increasingly has to navigate itself extremely quickly before it effects the economy. Reports from U.S. Forest Service suggest that they are extremely low on “Hot Shots”. A Hot Shot is part of a skilled forestry crew employed by the Federal Government. These crews travel across the Nation to battle wildfire events. Union officials, who are speaking out, suggest that nearly 30% of crews are understaffed. These average crews of 20 people have lost mostly Veteran troops and is struggling to find new cadets.

This does not appear to be just a U.S. Forest Service labor problem but local municipalities and governments are having staffing issues as well. Models are showing a highly active fire season coming upon us. Blazes have already broken out in California, Arizona & New Mexico.

Construction Materials & Lumber

A tired and strained lumber market will most likely be worsened if not kept under control after last years record year for wild fire events. Commodities across construction market verticals have increased dramatically over the last year and a half. Wildfires and other natural disasters also effect supply chains including rail and ground transportation causing disruptions in delivery schedules and mission critical construction and infrastructure projects.

According to the USDA which manages approximately 193 million acres of Forest Service land only 2.65 million acres were treated for dead wood that are the major fuel for wild fires. This is a rate that can not sustain prevention. The agency has also stated in its report that it needs to and will attempt reforestation efforts to sequester carbon dioxide. It further states that forests now sequester the equivalent of 14% of U.S. Carbon Dioxide emissions, which could increase by 20%. For more background on reforestation needs please read: https://bylt.news/cheaper-lumber-prices-could-work-visas-be-the-answer

LIVE WILD FIRE TRACKER

Source The Bylt Team

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