WY itself agrees with the above, forecasting 1.3M US housing starts in 2017, up from 1.2M in 2016 (#msg-127211243). The increased demand and lower Canadian supply imply that the gap will be made up from production in the US southeast, helping to firm the price of southern softwood logs that are the major driver of WY’s income.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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