Lumber, panel prices expected to remain elevated despite recent declines

Forest product analysts expect prices for lumber and building panels in North America will remain strong for several years despite recent declines after an unprecedented surge to record high levels over the summer. In a conference call discussion organized by CIBC, analysts from Forest Economic Advisers say they foresee ongoing robust demand for building products from both new housing and home renovation, driven by the age and low inventory of existing homes for sale in the United States, along