Breaking records

By Rick Sohn
Oregon Natural Resources Report
November 13, 2017
Category: Business & Politics
Region: United States, US West

Extreme weather is credited with a near-term reduction of new homes, but otherwise statistics remain quite strong, with a 12-year October record for studs and a seasonal record for logs. Recent trends of lumber, logs, home construction, and housing markets, are compared. The Stud price of $405 is the highest since 2005. …Housing starts and building permits, while disappointing are widely reported to have been affected by the postponement of projects in hurricane- and fire-ravaged areas. As discussed previously, an ongoing demand for wood products, not only for new construction but also repair and remodel, will continue for some time following these major events. The good news is that the USA has been spared additional hurricanes.

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