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Logs to be processed are pictured at Interfor's Acorn Division mill in Delta, B.C., on Friday September 14, 2012.
Logs to be processed are pictured at Interfor's Acorn Division mill in Delta, B.C., on Friday September 14, 2012.
(Darryl Dyck/The Globe and Mail)

SCOTT BARLOW

Surging lumber price shows U.S. housing recovery is for real

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A shortage of building materials highlights a U.S. housing sector recovery that may be proceeding more quickly than most investors thought. The sheer size of the U.S. housing sector – estimated at between $10- and $15-trillion – implies that the rebound could have enormous positive effects on the economy on both sides of the border.