North American lumber demand expected to remain high even if a recession occurs

North American lumber demand expected to remain high even if a recession occurs
    With Russia’s war in Ukraine, runaway inflation and rising interest rates, analysts and economists speaking at a Council of Forest Industries (COFI) conference Thursday were openly dropping the R word.    By the end of this year or early 2023, Europe at least and possibly North America could be in a recession, some are now predicting.    That would normally be bad news for Canada’s forestry industry.    But demand for new housing is so strong in the U.S. that Paul Jannke, principal for ...

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