Replies to post #7677 on The Rising Influence of Rising Affluence

[DewDiligence]

PCL—their harvest volume will grow substantially in the future.

Yes, indeed. Even before the recent land acquisition from MeadWestvaco, PCL was projecting that harvest volumes would increase by 15% during the next five years or so. This is the natural result of undercutting during the recession years, which left more timber on the ground to continue growing.

[DewDiligence]

Good news for PCL: US housing starts in November rose to a seasonally-adjusted rate of 1.09M, the highest monthly rate since the 2008-2009 recession.