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And curiosity charges will finally rise. By the top of 2023, the robust increase in demand for housing will likely be over. At that time, lumber and plywood sales will drop to more regular ranges. Some wooden products executives see recent demand as a return to normal, relatively than abnormally high. Housing starts averaged 1.5 million models per yr from 1960 by means of 2010, however the last decade has been beneath that benchmark. As well as, a rapid restoration in the rate of new house const...
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