Markets Work: Strong Demand For Wood Sparks New Mills
Posted On
June 23, 2021
The home-building and renovation boom could keep wood demand strong for the next ten years, says Weyerhaeuser CEO Devin Stockfish. While he expects years of strong demand, he believes the current price frenzy is not sustainable. This is supported by the recent construction of new sawmills and the expansion of capacity in existing sawmills.
Resources:
- Timber Industry News: Wood demand could stay strong for the next decade, says Weyerhaeuser CEO
- BNN Bloomberg: Top U.S. Lumber Maker Sees Decade of Strong Building Demand