Real Estate Macros Giving Weyerhaeuser Management Confidence
Key PointsReal estate contractions in the second half of 2022 had an adverse effect on the demand for wood products, including lumber and oriented standard board.Rebounds in leading construction indicators are pointing to a pivot in demand for the wood materials, this dynamic can also be seen in capacity utilization rates for the sector.Weyerhaeuser is poised to grab the tailwind from building permits and housing starts concentrated within their operating regions of the Southern United States. Management is pointing to increased EBITDA and earnings for the coming quarter, and analysts seem to ...