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March 1, 2001 News Release: March 2001 Pending Issues - #3 Resource Economics LLC has completed its March 2001 Pending Issues of our Timber Supply and Product Demand Service. The March 2001 pending issue contains four sections. The first is a descriptive update of the macroeconomic drivers for the US and Canada used in our December 2000 Long Term Outlook. The update includes information that was not available before the completion of our Long Term Outlook, this includes information from the 4th quarter of 2000. Comparisons are also made with the actual year-end data and our December 2000 projected year data. The second section is a 32-year historical analysis of the primary wood products sector including housing, softwood lumber production, consumption, lumber prices, and stumpage prices. The past and current trends and relationships are discussed with an outlook on future trends. The third section provides a review South American wood supplies. Provided by Robert Flynn, the review looks at the remaining non-Canada sources of imports which are supplied by South America, New Zealand, and Europe in order of importance. Imports of wood products from South America have increased substantially over the past few years. Mr. Flynn examines their importance and future levels into the US market. The fourth section compares and updates our composite product prices and log prices in our 2000 Long Term Outlook, with the year-end actual prices. Composite product prices are projected and explained quarterly for the year 2000. The impacts of the reduction in 2001 US GDP estimates are also presented. Available
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