SLB Board Members and Softwood Lumber industry have taken the time to share their thoughts on the assessment increase and reflect on the SLB's impact in the industry.
The Softwood Lumber Board (SLB) recently published its 2020 Q1 Quarterly Report, which recaps the SLB’s progress in increasing demand for softwood lumber products and defending and growing markets. The COVID-19 pandemic has created an unprecedented operating environment for us all and has changed business practices in ways none of us would have conceived of at the start of the year. It will take time to fully understand the medium- and long-term implications for our end-use markets; however, in the near term, we’re fortunate that strong demand for lumber products in the R&R market and a downturn that was less severe than expected in housing has mitigated the impact for our industry overall.
Despite the emergence of the pandemic in early March, SLB-funded programs generated 420 million board feet of incremental demand in Q1, which represents a 10% increase over the same period last year.