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US Residential Construction Spending: February 2016
Private residential construction spending reached the highest rate since November 2007, said the National Association of Home Builders Friday. US Private Residential Construction Spending: February 2016 NAHB analysis of Census Construction Spending data shows that total private residential construction spending for February increased to a seasonally adjusted annual rate of US$448 billion, up by 0.9…
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US Residential Construction Spending: February 2016
Private residential construction spending reached the highest rate since November 2007, said the National Association of Home Builders Friday. US Private Residential Construction Spending: February 2016 NAHB analysis of Census Construction Spending data shows that total private residential construction spending for February increased to a seasonally adjusted annual rate of US$448 billion, up by 0.9…
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Seneca Completes
The Seneca Sawmill in Eugene, OR, is nearing the completion of a US$60 million upgrade project, said KVAL March 26. Due to more demand for dry lumber, and less for “green” lumber over the last 10-12 years, Seneca is up- grading and installing new kilns, which use steam to dry out the wood. The company…
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Boise Cascade Closes
Boise Cascade Company, out of Boise, ID, announced Friday that it has completed the acquisition of Georgia-Pacific LLC’s engineered lumber production facilities located at Thorsby, Alabama and Roxboro, NC for US$215 million including closing date estimated working capital of US$25 million which is subject to final adjustment. The Company used US$90 million of its cash…
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Nova Scotia Accepts Land as Payment
The Nova Scotia government is picking up 3,242 hectares of forestry land in western Nova Scotia in ex- change for debts owed the province by family-owned lumber company Freeman and Son of Greenfield, according to the Chronicle Herald Thursday. The land, in 19 blocks scattered across Kings, Lunenburg, Shelburne, Queens, and Annapolis counties, is owned…
