Investor Presentaiton
North America Statistics: Supply / Demand
North American Housing Starts
(million)
B.C. Interior Allowable Annual Cut
(million cubic metres)
WFP
Forecast
■U.S.
2.0
■Canada
1.9
1.9
1.9
68
1.8
1.7
0.2
1.6 0.3
1.6
0.2
0.3
1.5
1.4
1.4
1.5 1.5
1.5
0.2
0.2
1.3
1.2
1.1
0.2
0.2 0.2
0.2
0.2
0.2
1.0 0.2
1.6
1.6
0.5 0.9 1.0
1.1
1.2
1.2
1.2
1.3
1.4
----------
0.2
0.2
1.7
1.7
1.5
1.4 1.3
0.0
'13 '14 '15
'16 '17
'18 '19 '20
Source: Forest Economic Advisors (November 2023)
'21
221
56
50
50
50
49
49
48
80
48
46
46
44
42
45%
decline
111
41
40
38
'22 '23E 24E 25E 26E 27E
Forecast
'07
'16 '17 '18 '19 '20 '21 '22 '23E '24E 25E 26E '27E
Source: Forest Economic Advisors (November 2023)
North American Lumber Supply
(billion board feet)
Forecast
Change
('18 to '27E)
North American Lumber Demand
(billion board feet)
80
10
69
67
22
65
70
62 63
63
64
62
61
60
55
55
557
63
64
70
57
59
61
61
63
64
67
63
64
61 60
+1.2
50
40
30
+7.8
20
10
(5.1)
0
'21
'22 '23E 24E 25E '26E 27E
■New Home Construction
■Exports
'13 '14 '15 '16 '17 '18 19 '20
■Western North America
Source: Forest Economic Advisors (November 2023)
'21
U.S. South
'22 '23E 24E 25E 26E 27E
Other North America
Imports
80
70
64
64
61
59
60
55
56
50
40
30
20
10
0+
'13 '14
'15 '16 '17 '18 '19 '20
■Residential Improvements ■Industrial & Commercial
Source: Forest Economic Advisors (November 2023)
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