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DewDiligence

12/13/16 10:54 AM

#13783 RE: DewDiligence #13782

WY—Based on today’s webcast, a dividend increase in 2017 is all but assured.

WY expects 2017 US housing starts of 1.3M—up from 1.2M in 2016—with an increasing proportion of starts from single-family homes (which consume 3x as much wood per unit as multifamily buildings).