Increased lumber market in Usa

The improved housing market in the US the past four months has resulted in both higher lumber production in the US and in increased importation of lumber. As a consequence lumber prices have gone up by over 30 percent from last year. However, sawlog price have remained unchanged so far this year, reports the Wood Resource Quarterly. Housing starts in the US jumped to 894,000 units in October. This was 19 percent higher than in August, and as much as 42 percent more than in October of last year. So far this year, housing starts have been at their highest levels since 2008, and market analysts expect the next 12 months to be bumpy but still upward-trending.
The improved housing market has been good news for many sawmills in North America,
Lumber production has been higher throughout the continent, with an increase of 7.3 percent in August year-over-year in the US, and of 6.3 percent in Canada over the same time period.