North America’s Largest Woodworking Event | Tuesday–Friday | August 6–9, 2024


Industry & Trends

Lumber Producers Seeing Wall Street Gains Thanks to Housing Rebound

As home builders’ stock prices climb due to the rebound in the overall housing market this spring and are projected to continue into the summer, another group is benefiting too: the companies producing all that lumber to build those houses.

A housing market that has seen few existing homes going up for sale due to current homeowners hesitant to give up their low-cost mortgages is creating increased demand for new homes and that’s good news for the companies that supply the raw materials to build them. Namely big lumber companies.

The Wall Street Journal reported recently that the stock prices for some of the best-known names in the business such as Weyerhaeuser and Boise Cascade have been climbing as demand increases. Also benefiting are publicly traded sawmill owners and those firms that make wooden building components, like paneling. Analysts reported they are increasingly recommending buying shares in these companies as they see the new home-building market continue to improve.

But they cautioned they don’t see the wild runup in lumber prices that the industry saw in the depths of the pandemic when the home building exploded and demand reached unprecedented levels. The wildfires in Canada, which has impacted lumber supplies, are creating some supply problems and are likely to drive up prices somewhat but it should be a relatively short-term factor. 

The Journal surveyed analysts and found that Raymond James had added Weyerhaeuser to its list of top buys while Truist upgraded both Boise Cascade and Louisiana-Pacific to buy ratings. Said Truist analyst Michael Roxland, “The worst of the housing slowdown is behind the industry.”


More Industry & Trend News

  • Words on Wood Podcast Returns for Fourth Season

    February 14, 2024

  • The Pine Tree State Gets Its First Mass Timber Buildings

    February 14, 2024

  • New York City New Building Filings Hit Record High

    February 14, 2024

Register to Attend

Be part of North America’s largest woodworking show and conference.

Register Now

Apply to Exhibit

Grow your business at the premier global woodworking trade show.

Exhibit at IWF 2024

Show Hours & Location

International Woodworking Fair
August 6–9, 2024

8:30 AM–5:00 PM
8:30 AM–2:00 PM

Georgia World Congress Center
285 Andrew Young International Blvd
Atlanta, GA 30313

Get Industry News & IWF Updates

Subscribe to IWF Network News.

Subscribe Now

Terms & Privacy Policy

© 2020 International Woodworking Fair, LLC Terms of Use & Privacy Policy

3520 Piedmont Rd NE #350, Atlanta GA 30305 | (404) 693-8333

IWF 2024 Add to Calendar

Sync IWF 2024 with your favorite calendar program.

Notification Message

loading … please wait