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 Forest Economic Advisors, said he expects demand for ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
Thousands of quality articles
In-depth analyses of market trends
Exclusive market price insights
And much more!
