ANALYSIS: Lumber prices heading for a super-cycle?

A lumber “super-cycle” is a lengthy period of buoyant prices for lumber. For much of 2012 and 2013, there were predictions of a super-cycle, where demand would outstrip supply of lumber and the mills that were left (after years of mill closures) would reap the profits.

The super-cycle was first predicted in 2008, but a number of factors, including the global financial crisis have delayed its progress. The question is whether, with the U.S. housing market on the path to recovery, the global economy recovering, albeit slowly, and increasing exports to China, will the super-cycle occur this year, in the near future—or at all?…