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 > Calm

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Comment by lifeisgood1010on Feb 24, 2021 11:08am

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Post# 32646772

RE:RE:Calm

Indeed, the US housing sector will remain strong for at least the next 2 years because of structural changes.

Here is yesterday's take from Toll Brothers and increased backlog fromfrom LGI homes

(Bloomberg) -- Toll Brothers Inc. reported better-than-expected order growth as wealthy homebuyers upgraded to bigger properties in the suburbs.

Purchase contracts for the three months through January jumped 59% from a year earlier to 2,874, the builder said in a statement Tuesday. The average estimate of analysts surveyed by Bloomberg was 2,370.

Key Insights

Toll benefited from a tight supply of new and existing homes for sale, low mortgage rates and a “heightened appreciation for homeownership,” Chief Executive Officer Douglas Yearley said in the statement. “These market conditions, which we expect to continue for the foreseeable future, clearly play to our strengths.”Toll’s affluent customers, who are less likely to have suffered from pandemic-related job cuts, are able to afford more-expensive houses as borrowing costs near record lows increase their purchasing power.The company also has expanded its reach with a growing inventory of “affordable luxury” offerings aimed at younger buyers.Toll is well-positioned to capitalize on surging demand because of its land pipeline and expectation for solid growth in community counts over the next two years, according to Bloomberg Intelligence analyst Drew Reading.

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LGI Homes, Inc. Reports Record Fourth Quarter and Full Year 2020 Results and Releases 2021 Guidance

Ending Backlog of 2,964 homes at December 31, 2020, an increase of 140.4%
Ending Backlog Value of $775.5 million at December 31, 2020, an increase of 167.0%