CHARLOTTE, NC -- Southern lumber mills churned out 8.8% more product in 2010 than in 2009, this in spite of seven mill closings, according to Forest2Market.
What's more, Forest2Market expects 2011 will bring modest improvement for sawmills and plywood mills as well, a result of stronger residential construction.
"We expect 2011 to bring modest growth for the industry as well," said Daniel Stuber, Forest2Market's director of operations. "Our economic outlook shows housing starts at an annualized rate of 625,000 in 2011, compared to 2010's 587,600. Though that may not seem like a large increase, it does mean the worst is behind us. In 2012, we expect starts to top 760,000."
Read Forest2Market's southern lumber production press release.
Posted by Rich Christianson
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