“Demand for lumber in the U.S. this year will slide to its lowest level in modern history, then move slowly toward a recovery starting next year, according to a forecast from the Western Wood Products Association. The association predicted that U.S. lumber demand this year will total 28.9 billion board feet, down about 30% from 2008 totals. Since reaching an all-time high of 64.3 billion feet in 2005, U.S. demand for lumber has dropped by more than 55% — the steepest decline in the history of the industry. Home construction traditionally accounts for more than 45% ofthe lumber used each year. WWPA estimated that 432,000 houses will be started in 2009, down more than half from 2008 totals and a fifth of what was built in 2005. In 2010, housing is forecast to improve to 553,000 starts, bringing lumber consumption to nearly 30 billion feet. – 3/25/2009 “
All above information was taken from:
Click here to cancel reply.
Sorry,At this time user registration is disabled. We will open registration soon!
Don't have an account? Click Here to Signup
© Copyright GreenAnswers.com LLC