Lumber prices are holding at $5.23 but don't get too comfortable — 2x4 #2 is getting scarce and construction input costs are up nearly 5% year over year, with crude petroleum doing the most damage (Natalie's paying $148 to fill her diesel tank, which is its own kind of tragedy). The Montreal Wood Convention drew a big crowd with Canada-US tariffs as the unofficial theme, Mirax is firing up the former Errington Cedar sawmill in a rare piece of good news for the Pacific Northwest, and Goodfellow posted a Q1 net loss blaming a cold winter and high household debt. It was also a banner week for COOs — three promotions, one truly excellent headshot. Chelsea closes with a genuine ask for the North American Forest Foundation, which has 1,300 schools on a waitlist for lumber education kits and needs the industry to show up. Mortgage rates dipped to 6.3%, dopamine detoxes are being planned, and a Tesla met a tree on a country road. Standard Friday.

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