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October 25, 2016

American wood industry to benefit from the housing market recovery

The U.S. housing market has recovered substantially from the housing crash and Great Recession. After 7 years of new home construction, the housing market has started to recover thanks to the healthier economy, the low mortgage interest rates and the stable job growth.

All over US, the home prices keep on going up, leading to a boost in the home remodeling market. Also, the lumber and other wood products providers are receiving this good news, especially the two of the largest suppliers, Universal Forest Products and Louisiana-Pacific.

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