PORTLAND, OR - The U.S. lumber market will continue to rebound in 2015, following a year which saw demand strengthen due to an improving construction market. According to the Western Wood Products Association, U.S. lumber demand is projected to rise 8 percent to 44.87 billion board feet in 2015.
Information from the Western Wood Products Association, and published on Building-Products.com, shows the remodeling and repair segment accounted for most of the improvement in the residential construction market in 2014, consuming an estimated 17.41 billion board feet of U.S. production. 2015, the WWPA added, looks to be even, with 17.93 billion board feet forecast to be used in repair and remodeling construction.
Also showing increases, albeit not as much, was lumber demand for new home construction. According to WWPA 2014 demand, which was approximately 10.98 billion board feet, is expected to jump to 13.61 billion board feet in 2015.
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