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B.C. Sawmill Destroyed By Fire Will Be Rebuilt

A sawmill in Prince George, British Columbia will be reconstructed on the same site after being destroyed by an explosion and fire that killed two people last year. “April 23, 2012 was the worst day in our company’s history, and it began a year of challenge and sorrow...

U.S. Housing Starts Surge 27 Percent Above 2012 Rate

Housing starts in February rose 0.8% from January, to a seasonally adjusted annual rate of 917,000, the Census Bureau said Tuesday. The rate is 27.7% above February 2012. Single-family starts were running at a 618,000 annual rate, up 0.5% from January. In addition,...

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...