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Lumber Prices On The Up As U.S. Home Sales Rise

It’s not just a buoyant day for equities (China excluded) on Tuesday. Yes, lumber prices are on the up, too. News of a rise in new home sales in the US last month has helped push lumber prices up 2.5 percent to $246.10 per 1000 board feet, writes Mamta Badkar....

Maley & Wertz Acquires Kirkham Hardwoods Inc.

Maley & Wertz Acquires Kirkham Hardwoods, Inc. Maley & Wertz Inc., an Evansville-based firm that acquires and sustains North American hardwoods, has acquired Kirkham Hardwoods Inc. According to a news release, the merger will better position the combined...

Some Hardwood Sawmills Struggle To Stay In The Black

Hardwood lumber sales remained relatively slow, as a combination of lackluster overseas demand and the easy availability of lumber kept many buyers on the sidelines. Many mills tell us that the high prices they paid for timber a few months ago make it very difficult...

Lumber Supplier Canfor Loans $30 Million To Conifex

Canfor and Conifex say an investment agreement between the two lumber producers for $30 million has been completed. The loan by Canfor to Conifex Inc., a wholly-owned subsidiary of Conifex Timber is for five years, with the proceeds to be used for general corporate...

World’s Tallest Wood Building Now Under Construction

Cross laminated timbers are being used in mass quantities for the tallest wood building so far: a 121-unit, 10-story  apartment complex in London. Architects Waugh Thistleton, CLT engineers Ramboll and developer Regal Homes, says the most exciting aspect of the...