It’s been a wild ride for wood products, particularly lumber, over the past two years. From a recession in the second quarter of 2020 to record high prices just one year later, participants in these markets are left with many questions, especially where prices are headed. To answer these, one must start by looking at the drivers for lumber demand, with U.S. housing being the primary. With the U.S. economy and employment growing robustly in 2021 and 2022, interest rates remaining low by historical standards, many of the supply ...
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