The random lengths composite index, which by the way also includes the price of U.S. producers.... It's just not Canada. Canada will be hitching their wagon, so to speak; they will be dependent upon the price the Americans sell for. If the Americans go lower, then Canada will have increased export taxes and export quotas.
Home building in the United States is getting softer, it's getting slower, and it's differing by region. In parts of Florida, where I'm from, major producers of housing are now offering $50,000 to $70,000 incentives to move completed inventory. Some markets are very good. Texas and the State of Washington are excellent. But if you look at the published reports of our national public firms, some are now reporting orders 20% to 30% less than a year ago.
We don't think this is short term; we think it's a gentle trend. We don't think it's a crash, but we don't think you can depend upon the prices you've had over the last couple of years. We think the prices will be lower over the next three-year period.
It's difficult. How good have the economists really been? I'm an economics major, but I wish we were that good. It's our real, honest belief—it's my personal belief—that the American housing market is going to slow, and therefore the demand's going to come down. Since we account for two-thirds or better of the consumption of softwood lumber—commercial is more steel—I think you're going to see softness in your lumber prices. It's logical to me.