After the near stratospheric ascendance of wood prices earlier this year and their eventual descent again towards the earth, lumber prices began to rise again in October.
Expect that to continue through the first or second quarter of next year, according to Domain Timber Advisors, a timberland investment management organization with $585 million in assets under management.
"The biggest driver of wood usage and housing and demand for multifamily has to do with the demographics in the US right now," Joe Sanderson, managing director and chief executive officer of natural resources, tells GlobeSt.com. "The millennial generation is becoming home-buying age, which happens around average age 33."
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