USDA: Projecting Lumber Demand In The U.S. And Abroad

“Lumber and economic growth are tightly connected,” says USDA Forest Service scientist Jeffrey Prestemon. “At a certain rate of GDP growth, you get a certain path of lumber consumption.” Prestemon recently led a study that projects softwood lumber demand under...

U.S. Lumber Price Surge Results In Record Profit

Lumber prices in the U.S. have experienced a spectacular surge in 2017 and the first half of 2018. By the end of the 2Q/18, the benchmark lumber price index reported by the market report Random Lengths reached its highest level in at least 30 years. From January 2017...

Forisk’s 2018 Lumber And Structural Panel Projections

Forisk projects U.S. softwood lumber consumption of 49.8 BBFT in 2018. This represents a 3.7% increase from our 2017 forecast of 48.1 BBFT and is 5.4% higher than 2016 actuals of 47.3 BBFT. Softwood lumber consumption increased every year since 2009, but remained...