Top of Mind Fastmarkets’ Dustin Jalbert on What Lumber Can Tell Us About 2024
In this episode of the Top of Mind podcast, Mike Simonsen sits down with Dustin Jalbert from Fastmarkets RISI’s Wood Products team, to find out what the lumber market can tell us about housing, now and for 2024. Dustin shares why construction may be past its recession and is set to expand in 2024, why lumber prices may increase with demand but won’t jump big again, and how to think about demographic demands for housing in the next decade.
About Dustin Jalbert
Dustin leads the lumber analysis on Fastmarkets RISI’s Wood Products team, where he is responsible for the monthly Lumber Commentary and the North American Lumber Forecasts, along with special client studies and consulting engagements. As a business economist, Dustin has spent nearly a decade covering the global forest products industry.
Prior to joining Fastmarkets RISI’s wood products team, Dustin provided support with forecasts and analyses related to the global packaging and pulp markets, including single- and multi-client studies. He holds a bachelor’s degree in economics and political science from the University of Maine, and master’s in international finance and economics from Brandeis University.
Here’s a glimpse of what you’ll learn:
- Why the lumber market matters for residential real estate
- What the lumber market tells us about housing now and for 2024
- Why construction may be past its recession and is set to expand in 2024
- Why lumber prices in 2024 may increase with demand but won’t jump big again
- The reason why we probably can’t build our way out of the inventory crisis
- How to think about demographic needs for housing for the next decade
- The surprising thing that’s still in shortage, that is preventing homes from completing construction
- What to know about sustainability in the lumber industry
Resources mentioned in this episode:
Featuring Mike Simonsen, President of Altos Research
A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets.
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About Altos Research
The Top of Mind Podcast is produced by Altos Research.
Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels.
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