The Effects of COVID-19 on the US Economy, Housing and Wood Products Markets
COVID-19 is poised to have the greatest effect on the US economy since the great recession. Yet, information surrounding the pandemic is changing almost daily, causing a tremendous amount of uncertainty for wood products producers. Please join us as FEA economists present their latest forecasts on the most likely ways COVID-19 will affect the US economy, housing and wood products markets.
Tuesday, March 24th, 2020. REGISTRATION HAS JUST CLOSED
We Will Focus On:
- US economic activity has turned downward on a dime. What shape will the downturn and eventual recovery take?
- The COVID-19 crisis hit the US just as the long-awaited housing boom had finally arrived. Will it reappear in 2020?
How should you interpret the data that is available today to make the best decisions for your business?
- Any forecast right now is fraught with uncertainty. What are the most important indicators you should be looking at to give you insights where the economy is headed.
- Media is filled with conflicting predictions on the potential depth and duration of the nascent slowdown. We will help you understand why some of the predictions are unlikely to materialize.
- Housing starts and wood products demand will take a hit—how low will they go?
- How will wood products supply react to market weakness, transportation disruptions and potential lack of staff?
- The lumber futures market is anticipating a collapse in demand and prices.
- What has to happen for that to occur or to be avoided?
- How are log markets responding and what are the most important factors when considering near-term log price expectations?
Webinar Access:
To attend, please register in advance at the link below. We have received strong interest in this webinar. We can only guarantee spots for persons who register before Tuesday March 24th at 9:00 am EDT.
After registering, you will receive a confirmation email containing information about joining the webinar. If you have any issues registering, please contact Lisa Kelly at lkelly@getfea.com or (978) 944-2610.
Biographies:
Brendan Lowney
Principal, Forest Economic Advisors
Brendan interprets and forecasts the North American and international economic landscape — analysis that forms the basis of FEA’s industry projections. Brendan is also responsible for deepening FEA’s coverage of the key end-use markets in the residual, manufacturing and trade sectors.
Paul Jannke
Principal, Forest Economic Advisors
Paul Jannke’s main area of expertise is North American lumber markets. Paul is the author of FEA’s Lumber Advisor and lumber quarterly forecasting publications. In addition, Paul has co-authored numerous studies on the international lumber, timber, bioenergy and panel industries.
Greg Lewis
Vice President, Forest Economic Advisors
Greg Lewis’ focus is on wood panel markets. Greg writes FEA’s Structural Panel Advisor and Particleboard and MDF Advisor and is the primary author of FEA’s panel forecasts. He has also co-authored studies on the international wood panel and lumber industries.
Rocky Goodnow
Vice President, Forest Economic Advisors
Rocky Goodnow is responsible for FEA’s outlook on North American timber markets. Rocky leads the development of FEA’s timber econometric models which are used in the analysis of future demand on wood fiber resources, regional timber supplies and timber values.