Tree Frog Forestry News

Dealers report slow but steady sales despite housing starts report

FEA – Forest Economic Advisors
May 21, 2020
Category: Finance & Economics
Region: United States

Many dealers are reporting that in spite of a poor U.S. Housing Starts and Permits report for April, their sales remain slow but steady and are showing some very small signs of improvement. The caveat being, that the COVID-19 curve needs to continue to be flattened, which will allow jobsites to remain open or in some states finally be able to start back up. Lumber and panel prices remain in an upward trajectory and producers are quoting production… to as far out as the week of 6/22. Another positive sign is the uptick in the number of new and existing home sale showings. Low interest rates but rising home prices are keeping buyers engaged.

Read More