Welcome to Episode 14 of "The Lumber Word," where we delve into the dynamic world of lumber and the latest trends impacting the industry. In this engaging episode, our special guest, Joe Pepe from LMC (Lumbermen's Merchandising Corporation), a leading lumber cooperative in the United States, shares invaluable insights into the lumber business.

Discover the fascinating journey of Joe Pepe, whose family roots in the lumber industry have shaped his career at LMC. Join us as we explore the common entry points into the lumber trade shared by both Joe and the show's hosts, Gregg and Ashley. You'll gain a deeper understanding of how the younger generation is influencing and embracing careers in the lumber industry, driven by its strong focus on relationships.

As always, we kick off the episode with a comprehensive breakdown of the past week in the lumber market. Ashley's analysis delves into different wood species and trending items, setting the stage for a deeper discussion on market dynamics.

Gregg, a seasoned industry expert, offers his invaluable perspective on purchasing strategies and identifies potential areas of value, particularly focusing on the 2x4 and 2x6 #2 16' market segments.

The podcast also delves into a crucial comparison between new home prices and existing home prices, shedding light on their implications for the housing market. Gregg's insights are instrumental in understanding housing starts and the challenges and opportunities they present.

Listeners are treated to an in-depth exploration of supply and demand in the lumber industry, with a particular emphasis on feedback from mills and the potential for shortages in the European SPF market. The episode rounds off by addressing reload inventory and the likely trajectory of mill curtailments.

Join us in this episode of "The Lumber Word" for a comprehensive view of the lumber industry's current landscape, complete with valuable insights and forecasts. Whether you're a lumber trader, home builder, or industry expert, this podcast is a must-listen for staying informed and ahead of the curve in the ever-evolving lumber sector.