The price of US lumber has fallen sharply this year, despite an ongoing improvement in the US housing sector. This divergence can be explained in part by the depreciation of the Canadian dollar, which has made imports more competitive. But with the bulk of this currency move now in the past and the prospects for US housing starts still good, we expect lumber prices to recover in 2016.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.