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Interfor Corp T.IFP

Alternate Symbol(s):  IFSPF

Interfor Corporation is a Canada-based forest products company. The Company and its subsidiaries produce wood products in Canada and the United States for sale to markets around the world. It operates through the solid wood products segment. The Company’s product categories include Dimension Lumber, Specialty Lumber and Engineered Wood Products. Its products include Spruce-Pine-Fir, Douglas Fir-Larch, Hem-Fir, Southern Yellow Pine, Western Red Cedar, Douglas Fir-Larch, and P3-Joist. Its sawmills provide a diverse range of sustainable products to supply North American markets with a complete offering of framing materials. Its Western Red Cedar products include Elite Decking, Elite Fascia & Boards, Elite V-Joint Paneling, Elite Fineline Paneling, Elite Channel/Lap Siding, Elite Bevel Siding and Elite Shadow Gap Siding. It has an annual lumber production capacity of approximately 5.0 billion board feet and offers a diverse line of lumber products to customers around the world.


TSX:IFP - Post by User

Comment by SleepingGiant64on Apr 26, 2022 10:35am
191 Views
Post# 34631957

RE:DR Horton still upbeat on the housing market

RE:DR Horton still upbeat on the housing market
I listened in on this conference and uit was tough to find any worries about housing.

Some comments:
  • In 2018 when rates rose, we saw a quick drop in demand, we're not seeing that this time
  • I think the cycle will continue to elongate
  • It feels like there's almost been a cultural shift
  • Demand is significantly higher than the homes that can be produced
  • We have not seen improvement in the supply chain
  • Orders were down 10% in the quarter but "it was all our decision to slow production"
  • "We saw and continued to see very strong demand"
  • Our cycle times continued to expand. We added 2 weeks.
  • We didn't want to create a buyer backlog with an unhappy experience

They guided to 88-90K homes this year versus 90-92K so there's less short-term demand for lumber there but if you believe in the longer-term commentary, there's no let-up.

I think we see some of these home builder shares scream higher once 30-year rates stabilize.
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