Western Forest Products Inc T.WEF

Alternate Symbol(s): WFSTF

Forest Products Lumber & Wood Production

Western Forest Products Inc. is a Canada-based integrated forest products company building a margin-focused log and lumber business to compete in global softwood markets. The Company’s primary business is the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. It has a lumber capacity of approximately 885 million board feet from six sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities. The Company's product categories include outdoor living, exterior appearance, LIFESTYLE CEDAR, interior living, structural, industrial and WFP engineered products. Its outdoor living products include decking, timbers and fencing products. Its LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. Its WFP Engineered Products include curved and arched glulams, straight glulams, and fabricated trusses.

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Western Forest Products Inc

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Post by geezer21on Jan 25, 2022 10:20am

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Post# 34357722

US Home Prices Down 4 Months Running

With declining U.S. home prices over the last 4 months, the rise in lumber prices is being absorbed and will not dampen buying and new home construction. There is an inventory shortage of homes for sale in the U.S.

https://www.zerohedge.com/personal-finance/us-home-prices-decelerate-4th-straight-month

For the fourth straight month, US home prices decelerated in the nation's 20 largest cities. The 20-City Composite rose 18.29% YoY in November (below October's 18.46% pace but it did print above the expected +18.00% YoY.

Source: Bloomberg

Nevertheless, home price appreciation remains near record highs...

Source: Bloomberg

"We continue to see very strong growth at the city level. All 20 cities saw price increases in the year ended November 2021, and prices in 19 cities are at their all-time highs," according to Craig J. Lazzara, Managing Director at S&P DJI

Phoenix, Tampa, and Miami reported the highest year-over-year gains among the 20 cities in November but Washington is seeing prices decelerate dramatically, rising just 11.1% YoY (below Minneapolis)...