11 public companies told the SEC they depend on Lumber.

“The prices of wood products directly affect our sales and earnings. In particular, low prices for wood products over a sustained period can adversely affect our financial condition, operating results and cash flows. Our lumber and lumber sheet goods product category represented 26% of total net sales for the year ended December 31, 2025.”

“Lumber costs were 41.6% and 40.4% of our net sales in 2025 and 2024, respectively.”

“The primary raw materials used in our products are various wood species, including hard maple, cherry, and beech, particle board, medium density fiberboard, high density fiberboard, and plywood.”

“There is significant uncertainty regarding future trends in lumber and panel index prices. We continue to closely monitor these pricing trends, and work to manage our business, inventory levels, and costs accordingly.”

“For the year ended December 31, 2025, wood fiber accounted for approximately 37% of materials, labor, and other operating expenses (excluding depreciation) in our Wood Products segment.”

“shortages or increased costs of labor and raw materials could have a material adverse effect on our business, prospects, financial condition and results of operations.”

“Outside of land, the principal raw materials used in our production process are concrete and forest products. Other primary materials used in home construction include drywall, and plumbing and electrical items.”

“Our raw materials consist primarily of lumber, concrete and similar construction materials, and while these materials are generally available from a variety of sources, we have reduced construction and administrative costs by executing national purchasing contracts.”

“Our raw materials consist primarily of lumber, concrete, drywall, roofing materials and similar construction materials and are frequently purchased on a national or regional level.”

“Additionally, for both external and internal customers, we index the price of approximately 75% of our Northern sawlogs sold to the price of lumber.”

“domestic fiber log sales — demand for fiber by pulp mills, containerboard mills, pellet mills and oriented strand board mills and export log sales — the level of housing starts in Japan and construction in other international export markets, as well as availability of logs from other countries.”