This week we welcome back one of our favorite guests — and sponsor — Matt Layman. The crew breaks down the strange mood gripping the industry: no curtailments, exhausted traders, Repair & Remodel softening, and customers disappearing into the weeds. We run through every major species, what’s cheap, what’s expensive, and how November expiration and January futures could shape the next move. Matt shares what his members are seeing across retail, multifamily, and manufacturing, while the team debates whether mills get bank lifelines or if cuts finally hit. We look at Home Depot’s outlook, immigration’s impact on the economy, and how much wood needs to come off for any kind of Q1 rally. If you’re trying to navigate this market or plan for H1 2026 business, this episode is loaded with takeaways. Come for the insight — leave smarter. Advertisers: Fastmarkets Random Lengths djalbert@fastmarkets.com www.fastmarkets.com Layman’s Lumber Guide www.laymansguide.com Matt@laymansguide.com Show Contacts: Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com