The wood products business is lackluster. Yet, unsold inventories in Portland reached an 11-year low. This could foreshadow increased housing starts.
A brief explanation of lumber versus log board feet is included. Recent trends of lumber, home construction and housing markets, are compared to 2009 and 2005.
Interpretation and Looking Ahead
2016 wood products and housing are starting slowly. The stud price is slightly down from last month’s low level.