Good News in the Timber Markets
We have seen significant improvement in demand and pricing for all products over the last year. Hardwood sawtimber prices have remained strong; timber stands comprised of over 50% hardwood have sold extremely well. Housing starts are now at their highest levels since June 2008. The increase in housing starts is causing increased demand for plywood and OSB, which has shown in those markets. There has also been a significant increase in demand for pine and hardwood pulpwood throughout the year. New mills are planned for NC and some have already opened, which will increase demand. Many existing mills are now running at full capacity, and some previously closed mills have re-opened. With this increase in activity, we expect to see an increase in competition and strong demand for all wood products the remainder of this year and into 2014. Due to record rainfall this year, there is a strong demand now for tracts that can be harvested in wet weather. We will be happy to evaluate your timber tract and discuss your marketing options.
