Lumber News

United States Of America - Lumber futures continue on a downward trend as transportation bottlenecks that sparked an early rally during early March begin to ease. Chicago lumber futures fell towards $950 per thousand board feet Tuesday, a…
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United States Of America - Crude prices have swung up to $114 a barrel on Thursday, following a 5% gain the day before, and volatility is expected to continue as traders take profits and the conflict in Ukraine continues. The war crimes…
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United States Of America - Lumber prices could escalate easily to $2400 per MBF this spring and late summer similarly mirroring last year. Builders, Developers, Program Managers and Project Managers should weigh risks now and prepare for…
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Perris, California - BMC West, a construction and supply company based in North Carolina, will close its Perris facility in February, resulting in the layoff of 304 employees. The company, which was acquired by Builders FirstSource in…
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Torsboda, Sweden - Volvo Construction Equipment (Volvo CE) is the first company in the world to conduct a remote-controlled high-lift wheel loader trial over a 5G network in a complex forestry application – with the goal of developing…
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Washington, D.C. - One thing is certain that we learned from the pandemic. Do not rely on outside sources. Whether by accident or not we have seen an explosion in lumber mill and timberland investments this year from both Canadian and U.S.…
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New York, New York - Mass Timber Advances, Basement apartments get overhaul. The New York City Council approved changes to the city's building code on Thursday, October 7, allowing for the construction of cross-laminated timber (CLT)…
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United States Of America - Lumber prices on CME Futures board were down 4% today after being 70% higher then its August low. On Tuesday evening, US stock futures drifted lower following a lackluster session and as investors awaited key…
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Washington DC - The Payroll Report from the BLS was far from optimistic across the board undermining the theory if unemployment benefits were cut payrolls would rise. Although the Nation as a whole saw a report that was far less then…
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United State of America - Over the last year lumber prices have been the most volatile construction material of all time. The effects of lumber have caused problems never seen before by a whole generation of builders. Demand will continue…
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Washington, DC - US futures rose on Monday, attempting to recover from last week's massive losses, which saw the S&P 500 post its worst performance since June and the Nasdaq post its worst performance since July. Traders continue to…
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Washington D.C., United Stated Of America- Lumber prices continue on a volatile summer downward trend, reaching $490 this morning for September deliveries. This would translate into wholesale price levels of forward priced projects of…
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Louisiana, USA- Timber in Louisiana’s vast forests are en route in becoming an even larger industry. Government officials and construction businesses plan to funnel an additional $557 million dollars worth of sawmill projects across the…
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Weldon, North Carolina- Recent news from Canfor Lumber suggested that it has retreated its plans in Georgia as North Carolina and it’s Halifax County commissioners were putting together an incentive package to retain the Roseburg project.…
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Direct access to the forest sector and alignment with the United Nations Sustainable Development Goals and the Principles of Responsible Investing. J.P. Morgan Asset Management intends to participate actively in the carbon offset market. …
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