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Improved U.S. Housing Good News For Lumber Industry

A new report shows some of New Brunswick’s wood products manufacturers could soon experience a rebound, due to an improving housing market south of the border. A report released by Scotiabank points out an increased demand for wood products in the U.S. According...

U.S. Sawmill Production Increased In 2011

Full-year production by U.S. sawmills grew 7.7% in 2011 to 26.712 billion board ft. (bbf) from 24.802 bbf in 2010, according to the latest statistics from the Western Wood Products Assn. (WWPA). Sawmills in the Western U.S. produced 11.867 bbf in 2011, up 6.6%...

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...