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FEI 2008 Q4 Inland Timber Market Projection expects long slow recovery

November 12, 2008

The housing bust could bottom by 2009 Q2 using the latest forecasts from the Mortgage Bankers Association, National Association of Realtors and Global insights. Derived from their 3-year forecasts, the FEI local log price projections are for slow stead recovery recovery after the housing bottom to pre-boom levels by 2011 Q2.

In the short-run, there are counter-cyclical market possibilities. Pulpwood and chips are showing their typical increases as sawmill residuals disappear for pulpmills. Sawtimber surprises should include relatively stable yellow pine prices and western red cedar should rise significantly during the interim.

For More Information Contact:

Forest Econ Inc.
(208) 301-4634

Internet: forestecon@moscow.com

 

Copyright 2003 Forest Econ Inc.
Last modified: 12/19/08