Is Lumber the Oil of the Next Decade?
Recent developments in Chinese building codes that clarify rules for wood-frame construction add to bullish CAD risks in 2010 and beyond. A longer term bullish CAD stance predicated on oil should be extended to include lumber.
Changes to the Shanghai Local Code are “the most comprehensive and detailed code for wood-frame structures in China.” This helps bust open the Chinese market for lumber construction products.
Lumber might well be the oil of the next decade.
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