Global Timber And Wood Products Market Update

The North American lumber market has been buyers market since the beginning of the financial crisis in 2008, but is now shifting to a sellers market with the increase in demand for lumber by the huge US market. In May, lumber consumption in the US was 13per cent higher than in May of 2011. US demand for lumber is likely to continue to go up in the second half of this year and into 2013 as the housing and remodeling markets slowly improve. The American and Canadian sawmilling sectors are currently running at about 80 percent of practical capacity according to WWPA, so there is room to add hours and shifts to meet increasing lumber demand. 

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