According to builderonline, even with the uptick in housing starts in the U. S., prices are down year-over-year. Multi-family construction does not use as much lumber as single-family, and there has been a definite surge in multifamily starts as tight credit, student debt and stagnant incomes have tempered demand for single-family homes.
In the final analysis, there is more supply overall and currently less demand from China. ##
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