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November 12, 2008
The housing bust could bottom by 2009 Q2 using the latest forecasts from the Mortgage Bankers Association, National Association of Realtors and Global insights. Derived from their 3-year forecasts, the FEI local log price projections are for slow stead recovery recovery after the housing bottom to pre-boom levels by 2011 Q2. In the short-run, there are counter-cyclical market possibilities. Pulpwood and chips are showing their typical increases as sawmill residuals disappear for pulpmills. Sawtimber surprises should include relatively stable yellow pine prices and western red cedar should rise significantly during the interim. For More Information Contact: Internet:
forestecon@moscow.com
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Copyright © 2003
Forest Econ Inc.
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