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Lumber Mills Expand As Prices Rise Most Since 1993

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...

Lumber Futures Climb To 8-Year High

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...

U.S. Lumber Soars On Demand Hopes After Sandy Damage

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...

Credit Crunch An Unusual Ally In U.S. Lumber Rally

U.S. lumber futures prices have soared about 30% in the past five months, with bets rising 18% since January with help from an odd ally: a credit crunch in the industry. Lumber distributors, who channel supplies from mills to end users, finding it difficult to raise...