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November 7, 2022

Western Forest Products sees N. American housing market supporting lumber demand

Western Forest Products Inc. reported third-quarter results on Thursday. The company sees the fundamentals of the North American housing market supporting lumber demand.  Market outlook volatile, supported by North America  The North American timber market remains volatile after a decline in demand in the third quarter due to ongoing economic uncertainty and recessionary pressures.  “We believe strong North American housing market fundamentals will support lumber demand and pricing, above trend levels in the mid to long term,” the company said. “An aging housing stock, housing shortages stemming from years of underbuilding, the impact ...

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