New estimates show lumber demand is more sensitive to housing starts than to GDP per capita or prices, and the revised setup produces lower long-run demand.
Konut inşaatı
New construction increases 2.6-fold from February but remains 17% lower year-on-year.
The 15-year fixed rate also moved lower, and both benchmark rates stayed below their year-earlier levels.
Former Metsä Wood executive takes helm as outgoing CEO Marko Saarelainen moves to lead Japanese subsidiary.