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The Housing Market Is Making Your Toilet Paper More Expensive
- Plunging lumber prices cause sawmill shutdowns in Canada
- Bath tissue costs have soared as wood pulp prices climb
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Toilet paper prices are on the rise yet again, and the blame can be pinned on an unexpected culprit: the housing market slump.
The housing downturn has sparked a crisis in lumber, sending futures tumbling more than 60% in the past 12 months. As a result, sawmills are closing up shop. In Canada, the world’s largest softwood lumber producer, roughly a third of sawmill capacity is now shuttered in British Columbia.