Forest Economic Advisers notes that lumber fights cause volatility and price spikes
Mills are running at five-year highs as a U.S. housing rebound and near-record Chinese demand push Canadian lumber industry profits to its highest level in six years.
Paul Jannke, an economist who specializes in the wood products industry, believes most forecasts for housing starts are too low. He says you need to look at new-home inventories and an overlooked factor in new-home sales to understand why.
