Researchers cite rebound in U.S. housing starts and continued business from China
After half a decade of depression, British Columbia sawmills are once again humming and forest companies are in the black, hitched to the twin trains of China’s appetite for B.C. wood and improving U.S. housing demand. “From what we can see, this looks like a solid recovery,” Gerry Van Leeuwen, vice-president of the Vancouver research firm Wood Markets, said of the U.S. housing market. “The builders and the lumber dealers (in the U.S.) are pretty excited. They think this is for real; that the recovery is really happening.” Lumber companies are not expressing the same degree of optimism; they have been burned twice before by false starts from the U.S. in the last two years. But the signs are all pointing to steady growth, said John Allan, president of the B.C. Council of Forest Industries. Click here to read the full article.