Header: Header: Header:

West Fraser Timber CEO Says U.S. Housing Market Improving

The head of West Fraser Timber warned Tuesday that demand for lumber can be volatile through the winter as the recovery in the U.S. housing market continues to be slow. Lumber prices were up in the third quarter, helping boost the Vancouver-based company’s...

U.S. Homebuilders Face High Lumber Prices

Total housing starts rose 35% year-over-year in the first quarter of this year, according to data from Deloitte. Single-family home construction contributed 500,000 jobs to the economy year-over-year in July, implying a thriving builder market. But many homebuilders...