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U.S.A:Industry trade group says lumber demand may rise next year
2002.12.09


Industry trade group says lumber demand may rise next year

Portland, Ore. - December 6 - Repair and remodeling projects will boost lumber consumption in the United States to record levels next year, according to a new forecast by the Western Wood Products Association (WWPA).
The trade group predicts that 54.7 billion board feet will be consumed in 2003, an all-time high. This year, demand is expected to reach 54.3 billion board feet.

Lumber usage in repair and remodeling activities is expected to rise nearly 3 percent, with non-residential construction, such as schools and churches, increasing by 2.6 percent. However new-home starts, which accounts for the largest lumber consumption, is predicted to drop slightly.

< The WWPA credits low interest rates and strong refinancing activity with the anticipated rises in lumber demand. Overall lumber production is expected to reach 35 billion board feet next year


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