NAICS Code 523991-15 - Lumber-Commission

Marketing Level - NAICS 8-Digit

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NAICS CODE 523991-15
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NAICS Code 523991-15 Description (8-Digit)

Lumber-Commission is a subdivision of the Trust, Fiduciary, and Custody Activities industry that involves the buying and selling of lumber on behalf of clients. This industry acts as an intermediary between lumber producers and buyers, facilitating the transaction process and ensuring that both parties receive fair deals. Lumber-Commission companies typically earn a commission on each transaction they facilitate.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 523991 page

Tools

Tools commonly used in the Lumber-Commission industry for day-to-day tasks and operations.

  • Lumber grading tools
  • Tape measures
  • Hand saws
  • Circular saws
  • Chainsaws
  • Axes
  • Chisels
  • Hammers
  • Nail guns
  • Planers
  • Sanders
  • Drills
  • Screwdrivers
  • Pliers
  • Clamps
  • Levels
  • Squares
  • Safety equipment (e.g. gloves, goggles, hard hats)

Industry Examples of Lumber-Commission

Common products and services typical of NAICS Code 523991-15, illustrating the main business activities and contributions to the market.

  • Wholesale lumber brokers
  • Lumber trading companies
  • Lumber auction houses
  • Lumber consignment shops
  • Lumber import/export firms
  • Lumber consignors
  • Lumber consignees
  • Lumber commission agents
  • Lumber commission merchants
  • Lumber commission brokers

History

A concise historical narrative of NAICS Code 523991-15 covering global milestones and recent developments within the United States.

  • The Lumber-Commission industry has a long history dating back to the early 19th century when the first lumber yards were established in the United States. The industry grew rapidly in the late 1800s and early 1900s, with the development of new technologies such as the steam-powered sawmill and the railroad, which made it easier to transport lumber across the country. During this time, the industry was dominated by large companies such as Weyerhaeuser and Georgia-Pacific, which controlled vast tracts of forest land and had their own sawmills and distribution networks. In recent history, the Lumber-Commission industry in the United States has faced a number of challenges, including increased competition from foreign producers, declining demand for certain types of lumber, and environmental concerns related to deforestation and habitat destruction. Despite these challenges, the industry has remained an important part of the US economy, providing jobs and raw materials for a wide range of industries, from construction to furniture manufacturing.