'It all goes back to the level of underbuilding that we've been doing in the U.S., really going back to the last Great Recession,' CEO Devin Stockfish told Jim Cramer.
on Friday the lumber company believes the U.S. housing market will remain strong for years ahead, even after the pandemic helped fuel a surge in homebuying.
Seattle-based Weyerhaeuser, which owns or controls 11 million acres of timberland in America, makes lumber products that are essential in building homes, giving Stockfish insights into market conditions both presently and in the future.
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