News in lumber

Analysts Expect Lumber and Panel Pricing and Demand to Remain Strong for the next Several Years

Despite recent declines from record breaking high levels, forest product market experts anticipate prices for lumber and panels will remain strong throughout North America for the next several years. The demand for building products will be led by both new construction and home renovation as tight inventory and aging existing homes, along with low interest rates and untapped home equity.

European Lumber Exports Continue to Grow

European lumber exporters continue to expand their overseas sales markets. Growing them over the past ten years from 30% to 45% and with a fifth of total export production in 2020 going to Asia. Traditionally most of the shipments went to neighboring countries on the continent and about 20% being shipped to the Middle East\Northern Africa, the US and Japan.

Hampton Lumber CEO Reports Fort St. James Mill Rebuild Remains on Schedule

Steve Zika, the CEO of Hampton Lumber, put to rest the rumors that the company is planning on delaying the construction of the Fort St. James mill. In a statement Zika said, “None of that is true; nothing has really changed with the plans for the mill or the dates; we have said it is going to be approximately two thirds of the size of Babine mill and that’s how it will be.”