U.S. demand for Canadian softwood lumber expected to remain high

Posted In: News Date:Feb 19th, 2018

Softwood lumber duties aren't dampening the spirits of Canadian lumber producers as strong demand from rising U.S. housing starts and tight supply are expected to keep prices high throughout 2018.

The number of U.S. housing starts beat expectations by surpassing 1.33 million in January on a seasonally adjusted basis, with single family starts increasing 7.6 per cent. Housing permits approached 1.4 million.

Conifex Timber Inc. chairman and CEO Kenneth Shields said last week he also expects repair and remodelling markets will remain robust.


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