This Lumber Stock Should Continue to Thrive Beyond the Housing Boom

·5-min read
This Lumber Stock Should Continue to Thrive Beyond the Housing Boom

The housing market is booming, especially new construction in hot markets from Idaho to Texas. The stock market has more than doubled from the COVID-19 low in late March 2020 while lumber prices have more than quintupled, notching another record high on Friday at more than $1,600 per thousand board feet. As one of the largest timberland owners and sawmill operators in North America, Weyerhaeuser (NYSE: WY) is a key beneficiary of the lumber boom.

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