RE:RE:RE:RE:Q4 2017 earningsHurricanes this year will be a larger impact, all equal. We are 100,000 hosuing starts higher and have only seen maybe 4 new mills start up (one of which is Norbord). We also have booming repair and remodelling and Norbord's value-add focus.
For context, a house takes 14,000 or so SF of OSB. So 4 mills at partial capacity (300 MMSF each) for a year would be enough for 85,000 houses not all 100,000.
Bigger shortage = higher prices.
Next year will be worse -- more starts but no mills ready to go. Good for the price of the stock, though.