by Web Editor | May 6, 2013 | News
North American mills are sawing lumber at the fastest pace in six years after a recovering U.S. housing market, a beetle infestation in Canada and increasing Chinese demand drove the biggest price surge in two decades. About 55.5 billion of the industry’s standard...
by Web Editor | Mar 15, 2013 | News
Lumber futures have climbed to their highest level since 2005 and they have gained around 9% this year, with most of that gain seen just this month as the outlook for U.S. housing improves. “Lumber, like other raw commodity goods, is a good indication of economic...
by Web Editor | Jan 14, 2013 | News
U.S. lumber prices are near an eight-year high as demand for the staple commodity of the American housing sector has risen on the back of a pick-up in new home construction. Lumber – or sawn timber – futures contracts for March delivery stood at $380 per 1,000 board...
by Web Editor | Jan 4, 2013 | News
Lumber futures jumped to an eight-year high, as signs of a pickup in Chinese buying added to optimism about the U.S. housing recovery that has fueled a three-month boom in the building material. Prices of lumber for January delivery on the Chicago Mercantile Exchange...
by Web Editor | Nov 2, 2012 | News
U.S. lumber futures soared on Wednesday on expectations for demand to increase in the aftermath of monster storm Sandy that caused massive flooding in the northeastern United States, damaging numerous homes that would need rebuilding. The storm, which made landfall on...
