

Southeast Business Trends – January 2025
In the Southeast, lumber sources have provided a variety of reviews on what state the market is in.
In Kentucky, one lumber representative reported that while the upper grades are moving well, “the 2 and 3 Common Oak is definitely very tough. Residential flooring is non-existent.” As for the reason behind this slow down, he remarked, “I don’t think I really have a good answer for the reason for the slow down. It’s definitely not production because that is way down. I think the vinyl plank flooring has probably hurt the flooring market.” In comparison to six months ago, he said, “it’s slightly better because of a slight uptick in pricing and demand focused on the upper grades. The lower grades have slipped down but I’d say, overall, the upper grades have climbed higher than what the lower grades have dropped.”