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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Statistics / Wood Products / Global / North America
November 9, 2021

Weyerhaeuser’s CEO is betting on a strong housing market for years

Weyerhaeuser’s CEO is betting on a strong housing market for years
Weyerhaeuser CEO Devin Stockfish told the US media that the lumber company believes the U.S. housing market will remain strong for years ahead, even after the pandemic helped fuel a surge in homebuying.    “First and foremost, it all goes back to the level of underbuilding that we’ve been doing in the U.S., really going back to the last Great Recession,” Stockfish said, referring to the industry’s historically low housing output.    “When you think about normalized housing over any historical period, really coming out of ’08, ’09, 2010, we ...

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