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July 29, 2021
North American lumber giants expect record profits for the second quarter
North American lumber producers are expected to post another quarter of record profits this week, but most of the focus will be on the outlook, with lumber products falling prices and renewing their hands slow. Manufacturers are building and expanding sawmills in the southern US, where costs are low and timber is plentiful, while increasing production on the hope that homebuilding will continue to grow. Some analysts have warned that an oversupply could be building up even with bottlenecks and supply constraints in British Columbia, Canada’s biggest lumber exporter to the US.   ...
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