U.S. softwood log prices poised for recovery after years of decline

U.S. lumber prices are poised for an upward shift in 2025, driven by increased housing starts and renewed investment in residential construction. Although the market has faced subdued conditions in recent years, demand fundamentals are expected to strengthen, particularly in the softwood sawlog sector. The U.S. housing market remains a key driver of lumber demand, with residential construction accounting for approximately 70% of lumber consumption. Within this segment, repair and remodeling (R&R) comprises around 40%, while new home construction accounts for 30%. Total U.S. housing starts are projected to grow by 4% in ...