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LUMBER MARKET 2022: U.S. Futures Get A Little Boost, European Demand, Formal Russian Lumber Sanctions Hit

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…
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Lumber Futures For July Dips To $598.50

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…
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Lumber Prices Could Reach $2400 In 2022

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
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Mass Timber Construction Approved For Use In New York City, Basement Apartments See Changes

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
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Lumber Prices Are Mirroring The Last Climb To Record Highs As Developers Have Tough Choices To Make For Construction Projects

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
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U.S. Architectural, Engineering & Construction Industry Payroll Segments: Biggest Gains In Pre-Construction as Lumber Futures Jump 15% This Week

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
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Lumber industry Is Growing In Louisiana

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
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Canfor Lumber Retreats Georgia; Roseburg Forest Products Unveils It’s $200 Million High-tech Sawmill in North Carolina Near It’s 158,000 Acres Of Timber Land

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. Roanoke Valley Lumber was code named ”Project Big Rock” by local North Carolina officials. The Lumber
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Campbell Global, a Market Leader in Forest Management and Timberland Investing, is Acquired by J.P. Morgan Asset Management

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. NEW YORK, NY— J.P. Morgan Asset Management has acquired Campbell Global, LLC, a forest management and
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HUBER ENGINEERED WOODS ANNOUNCES PLANS FOR NEW $440 MILLION MILL IN COHASSET, MINNESOTA, IN RESPONSE TO STRONG MARKET DEMANDS

CHARLOTTE, NORTH CAROLINA- Huber Engineered Woods LLC (HEW), a subsidiary of J.M. Huber Corporation, announced today the construction of a new $440 Million oriented strand board (OSB) facility in Cohasset, Minnesota. The addition of the plant will allow the company to increase production of its innovative ZIP System® and AdvanTech® structural
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