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.
Recent data from Wood Resources International shows that US imports of overseas softwood lumber rose 39% during the first 10 months of 2020, compared to the same period in 2019.
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.