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Beetle Plague Spurs Canadians On U.S. Sawmill Buying Spree

In the 60 years since Bob Jordan III joined his family’s North Carolina sawmill business, he hasn’t seen anything quite like the Canadian invasion of the South’s lumber industry. “You didn’t have people coming in from the outside — we never had this before,”...

Lumber Prices Head Upward Along With Homebuilding

Prices for lumber futures contracts are beginning to rise, after drifting downward for months. China’s building contraction and the winter hiatus knocked down prices, but they could jump dramatically, say analysts, as U.S. homebuilding surges. Lumber is traded...

Flush With Lumber, N.A. Hardwood Buyers Slow Purchases

North American hardwood sawmills reported slow sales during the first half of March. “Normally we see business improve from the second week of January through May,” said one contact. “This year, we are quoting and not selling.” One buyer for a large flooring...

Odd Winter Means Wood, Lumber Is Piling Up In Oregon

With the deep freeze that has inundated the eastern half of the United States contributing to the drop, prices for logs and lumber processed on the West Coast have dipped over the last couple of months. Sales are down and wood inventories are up. The market today is...

U.S. Lumber Price Falls Due To Overcapacity

Lumber is used in a variety of industries in the United States, but the price of lumber is primarily dictated by the health of the housing and construction industry. Americans may be viewing the economy more optimistically since last year, but their outlook on the...