lumber

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…

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…

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…

“Agribusiness remains one of our key industries for growing Louisiana’s economy, and our state offers unique advantages that attracted Canfor here,” said Governor John BelEdwards, State of Louisiana. “This major new manufacturing project can resonate across the region’s economy in a variety of ways. We welcome plans for this foreign direct…

Lumber Futures have been on a downward trend with hints of volatility still heavily mixed in. Eye of the Storm??? Lumber brokers across the country have signaled what they believe to be a trend heading downward for lumber prices and report it to be a time to purchase inventory for building supply companies. While it is possible that this may…

Wild Fire Threats Hit High Alerts Today Signaling An Increased Threat To A Already Stressed Construction Logistics And Supply Chain. More Importantly It Poses A Price & Supply Threat To Lumber. United States Of America - Wildfire & drought alerts hit high levels today across BYLT systems and the the country as the United States…

At a time when lumber prices are sky high, the United States was met with a proposal from Mexican President Andres Manuel López Obrador. He suggested that the American government should provide temporary work visas to those who participate in a tree planting program that is soon expanding into Central America. The program is called “Sembrando…

US Housing Starts Highest Since 2006 US housing starts shot up 19.4% to 1.739 million in March. This is the highest level since June 2006 and well above analysts estimates of 1.613 million.The housing market has gained strength the last year due to low interest rates and increased population shift swaying from  cities due to the coronavirus…

BRIEF OPPORTUNITY FOR SOME CONSTRUCTION CONTRACTORS As most March contracts ended Tuesday it offers a short term window into lower forward pricing for most commodity based construction materials after seeing record highs on lumber Monday and the quarter. News from builder sentiment being lower for home building also adding to lower levels.…