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Weyerhaeuser: U.S. housing market continues recovery towards L-T trend demand

In WRECO, says all markets continue to improve, on a path to recovery. Says expects community count to increase in response to improved demand. Says expect a slight profit in single-family home building business in Q2, does not anticipate any significant land or lot sales. Sees FY CapEx $300M. Comments made on the Q1 earnings conference call.