January 21, 2012
INDUSTRY BENEFITS FROM DIVERSIFICATION
There are many nations which have seen it fit to reduce the amount of exportation to the United States and this has meant that many nations have sought increased partnership with China due to the strength of that country?s economy and the significant need for China to obtain significant levels of wood for the building of houses because there is not enough black walnut lumber available in domestic areas for the full amount of lumber needed for home building. This demand by Chinese home builders has meant that some lumber prices have increased over the past year which is surprising given that the overall health of the global economy has been quite shaky.
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