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Montana's forest products industry: current conditions and 2009 forecast.

Publication: Montana Business Quarterly
Publication Date: 22-MAR-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
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2008 Conditions

During 2008, Montana's forest products industry was negatively impacted not only by a third weak year in the U.S. housing industry but by the deepening financial crisis which has spurred a global economic downturn. Annual U.S. housing starts peaked at just over 2 million in 2005. There were 906,000 housing starts in the United States during 2008--the lowest level in more than five decades. In response to ongoing declines in housing and generally weakening demand, lumber prices dropped about 35 percent from 2005 to 2008 (Figure 1).

Total sales value of...



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