Dustin Jalbert commented that Fastmarkets projects US lumber consumption to grow by 18% through 2027. He highlighted that this growth was primarily fueled by residential construction and repair and remodeling activities. His forecast also projected steady growth in demand for SYP over the next five years, increasing its market share over the decade. An expected increase of about 9 billion board feet is anticipated, driven by factors such as an underbuilt housing market and the availability of home equity. Southern yellow pine runs in contrast to what we’re seeing in the rest of the supply side of the North American lumber market…effectively compensating for the capacity losses in British Columbia. “This is going to continue at a pace of about a billion board feet per year,” Jalbert said.