Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
The price of lumber is not going back to levels seen before the pandemic and will continue to see a steady increase in the next few years, according to Mace McCain, chief investment officer at Frost Investment Advisors.
"We are going to have sustained demand," he told Insider. McCain said the trendline for lumber will see a sustained 5% rate increase, folding in transportation and labor costs as well as inflationary pressures."
"We're in the next recovery phase economy, there are more workers being employed and going back to work, and that is going to help the supplier lumber," McCain told Insider. "There will be more mills open and we're going to see more lumber become available."
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