The biggest key in the U.S. is going to be what the Biden administration does from a taxation standpoint. College debt forgiveness is another big economic factor currently holding back housing in the U.S. as the millennial generation has a significant amount of college debt, causing them to defer home ownership. According to Joe Sanderson, managing director of natural resources at Domain Timber Advisors, addressing the college debt could have a positive effect on housing and lumber in late 2021 into 2022.
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