Membership Drive
This year's membership drive is already in motion.
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Pent-up housing demand could continue outstripping available supply in the near term, which will keep upward pressure on lumber prices.
Housing starts were up 5.8% in December and 2020 starts were up 7.0% over 2019 starts, which suggests there is momentum behind the trend. Given the backlog of sold-but-not-started units (since January 2020, an average of 28% of new homes had not been started when sold), it is safe to conclude the ongoing building boom is likely to continue for several more months, which should be good news for prospective home buyers and lumber manufacturers alike.
This blog is reproduced with generous permission of FOREST2MARKET.com
JANUARY 2021