Fastmarkets’ Dustin Jalbert on What Lumber Can Tell Us About 2024
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In this episode of the Top of Mind podcast, Mike Simonsen sits down with Dustin Jalbert from Fastmarkets RISI’s Wood Products team, to find out what the lumber market can tell us about housing, now and for 2024. Dustin shares why construction may be past its recession and is set to expand in 2024, why lumber prices may increase with demand but won’t jump big again, and how to think about demographic demands for housing in the next decade.
Here’s a glimpse of what you’ll learn:
- Why the lumber market matters for residential real estate
- What the lumber market tells us about housing now and for 2024
- Why construction may be past its recession and is set to expand in 2024
- Why lumber prices in 2024 may increase with demand but won’t jump big again
- The reason why we probably can’t build our way out of the inventory crisis
- How to think about demographic needs for housing for the next decade
- The surprising thing that’s still in shortage, that is preventing homes from completing construction
- What to know about sustainability in the lumber industry
Related to this episode:
The Top of Mind Podcast is produced by Altos Research. Each week, Altos tracks every home for sale in the country – all the pricing, and all the changes in pricing – and synthesizes those analytics to make them available before becoming visible through traditional channels.
