Lumber industry veteran Kyle Little told CNBC on Tuesday that it’s a sensible decision to hold off on beginning discretionary building projects due to high wood costs.
“The jobs that you have coming up, don’t expect us to go back to what we saw the previous 10 years. That being said, if you can wait, there’s no reason not to,” the chief operating officer at Sherwood Lumber said on “The Exchange.”
“We do see some relief over the next six to 12 months, still albeit at prices that are much, much higher than prices we’ve experienced in the recent past,” added Little, who’s spent more than a decade at Sherwood Lumber, a privately held New York-based wholesale distributor. He’s also a former…