lumber

Phenix City, Alabama - A lumber company maintenance employee at Phenix Lumber Company in Phenix City, Alabama was pronounced deceased after getting stuck in a piece of equipment. The accident occurred during late August at around 3:30pm. Police and fire medics were dispatched to 4 Cultrate Road. Police Captain Skip Lassiter said that when…

Vancouver, Canada - Construction is set to begin on the open-air venue built in 1966. Revery Architecture is designing the new Pacific National Exhibition (PNE) Amphitheatre. This new $65 million structure will be a top-notch location for celebration, culture, and social connectivity for the surrounding community and beyond. The venue will host a…

United States of America / Canada - In August 2023, Canada filed for judicial review of the US Commerce Department’s decision to extend import duties on Canadian softwood lumber tariffs. This resulted in a 7.99% fee set by the US government on imports from Canadian sawmills. Ottawa remains willing to negotiate with the US after classifying the…

United States of America - Lumber futures traded on the CME boards made a way back into the $600's on July contracts Wednesday. Orders began to pick up steam last week and inventories moved after a stalled winter and spring as most builders sat on the sidelines. The United States has been enjoying lower prices on lumber during the busy spring…

United States of America - Lumber futures dipped below $600.00 to $598.50 for July contracts. The price makes short term forward Lumber contract prices incredibly attractive compared to recent months and years. Reports of higher interest rates with slowed demand and re-stocked inventories at lumber yards and mills are most likely resulting in the…

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 level not seen since early February. Exceptional pricing for the start of a busy season with a tremendous…

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 conflict in Ukraine sparked worldwide outrage and sanctions around the world as markets and people would rather…

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 the possibility. Currently risks seem to be leaning more towards increased demand, labor shortages, natural and…

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. Companies. This investment continues to explode. We can not keep up with all the M&A and new Mills being…

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) structures throughout the five boroughs (up to 85 feet). This may not seem like a significant change in a city…

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 earnings and inflation data. Dow futures fell 60 points, while S&P 500 and Nasdaq 100 futures fell 0.22…

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 predicted the AEC related segments show promise. Segments in the construction related indicators compiled by…

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 to grow consistently as America attempts to fill the 6 million homes needed for Americans. Until wood is…

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 analyze evidence of slowing growth in the face of the spread of the coronavirus delta variant, uncertainty…

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 state. Lumber companies Hunt Forest Products and Tolko Industries, Ltd., have proposed the most recent…