Conifex expects lumber market volatility to continue

Conifex Timber expects lumber markets to continue to experience volatility through 2023 as global market conditions continue to evolve. The effect of inflationary pressures and higher interest rates affecting consumer spending in the housing and repairs and remodeling markets will result in weaker lumber market prices than seen in recent years. While US builder confidence has seen an uptick in recent weeks, lagging US housing completions and tempered repair and remodeling activity affect market demand for lumber products. At its Mackenzie sawmill, Conifex expects to see an increase in lumber production over 2022, with the expectation of achieving annualized ...