Jan 6, 2021
Lumber demand in the United States has never been higher; according to the National Association of Home Builders (“NAHB”), lumber prices rose by 30 percent between the onset of Hurricane Harvey in August 2017 and January 2018 on the back of strong reconstruction-driven demand (https://ibn.fm/ncKQM). However, recent price trends have put even that rally to shame. Since mid-April 2020, lumber prices have risen by over 130% (https://ibn.fm/5Oh35), with the Covid-19 pandemic driving a virtual exodus of residents from large urban metropolis’ and spurring a wave of new housing starts elsewhere in the country. However, the phenomenon has also led to record levels of timber wastage – leading to a sharp increase in the demand for the Sustainable Green Team (OTC: SGTM), a vertically integrated storm and debris removal company’s services.
Sustainable Green Team has historically sought to provide a synergistic and environmentally beneficial solution to tree and storm waste disposal, in a bid to alleviate the environmental burdens which have traditionally afflicted landfills and disposal sites around the country. Accordingly, throughout its 40-year corporate tenure, SGTM has worked to cultivate a reputation as an…
NOTE TO INVESTORS: The latest news and updates relating to SGTM are available in the company’s newsroom at http://ibn.fm/SGTM
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