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November 24, 2022
Housing slowdown may mean more downtime for N. American lumber producers
With signs that U.S. inflation has peaked, expectations are becoming more widespread for the Fed to begin tapering rate hikes as early as December ahead of a complete pause in mid-2023. The Bank of Canada’s whiff on an expected 75bp hike (to 50bp) added fuel to the “pivot sooner” prospects. A further 125bps of hikes over the next nine months should cause housing activity to cool further and perhaps more sharply than previously expected. Solid-wood producers will be most directly impacted by rate hikes and their attendant impacts on housing demand. Clearly ...
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North American lumber producers are cutting back production, a signal that higher interest rates are taking rootCompanies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Statistics / Wood Products / Global / North America