This post was originally published on this site
As people now focus on vacations and other outdoor activities after staying indoors for more than a year, demand for home remodeling has decreased. At the same time, the reopening of sawmills has led to an increase in supply. However, since the housing boom is expected to persist, analysts expect lumber prices to normalize by year’s end. Furthermore, lumber prices are still up 100% versus the spring of 2020.
Since lumber prices are expected to rebound soon, we think it could be wise to bet on fundamentally sound lumber stocks West Fraser Timber Co. Ltd. (NYSE:WFG), PotlatchDeltic Corporation (PCH), Boise Cascade Company (BCC), and Lumber Liquidators Holding Inc. (LL).
