Part 5/9:
An area of interest for the lumber industry is Trump's stance on federal land use for logging. In his previous term, Trump opened federal lands for logging, a move later reversed by the Biden administration. Increased logging on federal lands could result in a higher supply of lumber if managed responsibly. However, it’s unclear whether this will significantly impact the overall supply considering most lumber in the U.S. is sourced from private lands. Moreover, supply increases alone cannot drive prices lower without corresponding demand.