MAY 2019
JUNE 2019
highs, Scott Geffros, in inroducing Kossman, described the price swing as “almost unfathomable.”
“The US housing market has changed so much,” Kosman commented, in assessing how the US market has changed over the last decade, and why it is not behaving in a manner that would have been anticipated in the past. “My opinion is that the overbuilding of 2004 and 2005, and then the subsequent over-correction
downward, really messed up (the market),” she said.
Kosman’s presentation spanned a range of topics, including the impact of log exports on lumber markets, as well as the influence of European softwood imports.
While the sawmill situation in BC looks disheartening in the face of current low prices, shrinking timber supply, and closures, she identified cross-laminated timber as one area of optimism for the lumber sector, given its superior environmental performance to alterna-tives such as concrete.
Many participants, including WPA President Annie Montey, took time to enjoy fishing and sightseeing. Click on image at left to expand.