2007-11-21

B.C.'s lumber output on the slide: analyst

British Columbia has already peaked as a high-volume lumber producer thanks to the mountain pine beetle and the slumping U.S. housing market, a leading industry researcher said Tuesday.

Russ Taylor, president of International Wood Products Group Inc. said U.S. housing is not likely to recover until 2009, and by then mill shutdowns will have permanently scaled back the lumber sector.