On July 11, the 21st Century ROAD to Housing Act (the “Housing Act”) became law. The Act’s goal is to make housing in the United States more affordable by encouraging both new home building and more spending on home improvement. Timberland investors stand to benefit.
Following a period of robust performance in 2021 and 2022, the U.S. housing sector has since moved at a slower pace. Over the last three years, key indicators, such as sales of existing homes, new residential construction, and home improvement spending, have remained weak. For timberland investors, this matters, as timber markets are structurally tied to the housing sector. More than 70% of U.S. lumber demand is driven by new home building or home improvement.
Over the past month, duties on Canadian softwood lumber imports into the United States have increased significantly.
Firm’s Third Annual Report Showcases the Achievements, Principles, and Priorities That Define Its Commitment to Sustainable Forestry
A fresh assessment of the current trade environment and how it could impact wood product markets.
