As the world focuses on the post COVID-19 economic recovery, the construction and home-building industries are benefitting from renewed activity.
While that bodes well for global timber prices in 2021 and beyond, there are specific reasons to be positive about the outlook for domestic timber producers in the UK. In particular, surging demand for timber imports in the US is having a significant impact.
New data from Wood Resources International shows that US imports of overseas softwood lumber rose 39% during the first 10 months of last year, compared to the same period of 2019. Total US imports last year reached close to 4.7 million cubic metres, the highest level in 15 years.
Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.