New research published in Forest Policy and Economics suggests US softwood lumber demand could decline by as much as 40% by 2070, with residential construction now the dominant factor shaping long-term consumption. The study, Revisiting U.S. Softwood Lumber Demand Projections: The Central Role of Residential Construction in Forest Sector Outlooks, by Craig Johnston, Jinggang Guo and Jeffrey P. Prestemon, finds that housing activity now carries significantly more weight than broader economic growth in determining lumber demand. According to the authors, residential construction is now roughly four times more important than GDP growth in driving US softwood ...
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