RE: China growing 8% Japan 5% @SandHeads, regarding your last post, I doubt Western lumber would be headed to Europe, as logistically it is a long ways away. Furthermore, a lot of European building materials are brick, stone and concrete, so I'm not sure if there's much lumber demand to be had from recent flooding in Europe. Any increased demand would not be enough to fill the gap from their sluggish housing markets.
However, you're right about Japan! Japan has recently announced all sorts of stimulus, so I would expect a bit of it will flow to Japanese households looking to do some home renovations. The perception is that all Japanese live in highrises, but outside of Tokyo and Osaka, there is still a fair bit of residential, and the primary building material is wood. In addtion, tsunami rebuilding will be kicking into higher gear, especially with the recent Japanese initiatives to stimulate their economy.
Lastly, I think WEF's stockprice had a bit of a pop today, as RBC upgraded its targets for WFT, and called for the beginning of a "lumber-supercycle". Dutifully, the lemmings followed the announcement by driving up WFT's stockprice by 5%, with a presumed spillover effect into stocks like WEF-T.
Cheers all!