West Fraser Timber Co Ltd T.WFG

Alternate Symbol(s): WFG

Forest Products Lumber & Wood Production

West Fraser Timber Co. Ltd. is a diversified wood products company. The Company is engaged in manufacturing, selling, marketing and distributing lumber, engineered wood products, including oriented strand board (OSB), laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, particleboard, pulp, newsprint, wood chips and other residuals and renewable energy. Its products are used in home construction, repair and remodeling, industrial applications, paper, tissues, and box materials. Its segments include Lumber, North America engineered wood products (NA EWP), Pulp & Paper and Europe EWP. Its business comprises lumber mills, OSB facilities, renewable energy facilities, pulp and paper mills, plywood facilities, MDF facilities, particleboard facilities, LVL facility, treated wood facility, and veneer facility. The Company operates approximately 58 facilities in Canada, the United States, the United Kingdom and Europe. It also offers wood preservation services.

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West Fraser Timber Co Ltd

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Post by lifeisgood1010on Nov 18, 2020 8:40am

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Post# 31920895

Very good data on housing starts

Up 4.9% vs estimate of 2.5%
The bulk of the increase came from single-family housing with consume a lot more wood than multifamily

US housing starts and building permits for October 2020

US housing starts for October 2020 comes in higher than expectations at 1530K vs. 1460K estimate. The prior month was revised higher to 1459K from 1415K previously reported
US building permits for October 2020 come in lower than expectations at 1545K vs. 1567K estimate. That is unchanged vs. the prior month revised data from 1553K to 1545K
housing starts rose 4.9% after rising 6.3% the prior month
single-family housing starts rose to 1179K. Multifamily starts for unchanged at 351K
building permits were unchanged vs. 4.7% gain the prior month
completions fell to 1343K vs. 1406K the prior month
single-family completions fell to 883K. Multifamily completions fell to 460K.