And with US housing starts forecast to grow by a further 25% in 2013 (on top of the 25% predicted this year), Norbord is developing plans to restart its idled production capacity so it will be ready for the expected extra demand.
Norbord’s earnings before interest, tax, depreciation and amortisation (EBITDA) was US$66m, more than double the previous quarter and US$54m better than a year ago.
The North Central benchmark OSB price averaged US$313 per thousand square foot – 70% higher than a year ago.
"This is our best sustained quarterly EBITDA result since the second quarter of 2006," said Barrie Shineton, Norbord president and ceo.
