The “macro fundamentals” setting the tone for lumber markets in North America are “very positive,” notwithstanding challenges such as transportation and the softwood lumber dispute with the US.
“Three or four years ago, we made a comment, we said we expect volatility in lumber markets until we can hit 1.3 million housing starts. And the reason we said that is we just kind of looked out towards production growth. We see limited production growth in North America. We see demand for lumber continue to improve," said West Fraser Timber Co.’s CEO, President and Director Edward Seraphim.
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