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How the Recession and Christmas Trees Relate
Christmas is around the corner, which undoubtedly means it’s tree decorating time. Have you noticed the low, and possibly scrawny, supply or high price for your tree this year? You’re not alone, and it has a lot to do with the Great Recession.
Back when the bubble burst, Christmas growers were selling less trees for obvious reasons, which caused them to plant less. Since trees grow about a foot a year, and we are about a decade from the dark times, there are less trees available than the number in demand. If you’re lucky to be in a state that has the more options, the chances are you’ll be paying more, which is what customers in Oregon and North Carolina are experiencing.
According to data from the National Christmas Tree Association (yes, that’s a thing), the price for a tree has more than doubled since 2008. Last year, the average cost was $74.40. Looks like the prices grow faster than the trees!
For comments, questions or concerns, please contact Daniella Soloway
