Home:  Global Wood p01.gif (127 bytes)   Industry News & Markets

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

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

CopyRight 2002 Global Wood Trade Network. All rights reserved