Running head: RESOURCES MARKETS
How is the Market for Lumber Affected by the Demand for Housing?
Lumber is a significant resource for house construction in the US and other countries
across the globe. According to the USDA (2018), by the year 2023, the housing units would have
surpassed 1.8 million units, thus increasing the annual demand for lumber, which might fall
short. Similarly, the remodeling will keep on rising, which also influenced the demand for
lumber. A quick comparison during the Great Recession period, the demand for housing
decreased, consequently affecting the market for lum...
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