(Derrick Penner – Vancouver Sun)
British Columbia’s forest sector is going to lead growth in the province’s exports next year to feed burgeoning new-home construction in the U.S., but lumber makers will also start running up against constraints in timber supplies, according to Export Development Canada.
The value of B.C.’s export trade in lumber and wood products, worth $11.6 billion in 2013, will increase 11% this year and another 12% next year as American homebuilders continue increasing the number of units they build as part of the U.S. economic recovery, said Peter Hall, EDC’s chief economist.
However, Hall added, B.C. lumber producers are starting to be squeezed by declining timber supplies in the province’s mountain pine beetle-ravaged forests. Read more here.