... affects lumber market volatility, while the new home sales report exerts a minor impact. We further find that the effect of the two reports decreases with inventory levels and differs depending on the nature of the news. When the level of inventory is low, larger-than-expected housing starts has a more...

... Volatility The United States has abundant forestland resources. About one third of the country’s land area, or 751 million acres, are forestlands. Among them, 514 million acres with an estimated market value of $460 billion are considered as commercial timberlands that are mainly used to produce...