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US House Prices
The S&P/Case-Shiller index of property values increased 5 per cent from February 2014, the biggest year-to-year gain since August, after rising 4.5 per cent in the year ended in January, the group said Tuesday in New York. As well, the Federal Housing Finance Agency (FHFA) Aprill 22 released the House Price Index data for February,…
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Quarterly Results: Forest Products Companies
Norbord, out of Toronto, ON, Friday reported a loss of US$6 million, or US$0.11 per share, in 1Q 2015 compared to earnings of US$3 million, or US$0.06 per share, in the prior quarter and earnings of US$7 million, or US$0.13 per share, in 1Q 2014. Norbord also announced completion of the merger with Ainsworth, making…
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Simpson Lumber Mill Closes
Some 270 jobs at Simpson’s mills in Shelton and Dayton, WA, are going away by June 30 as Simpson sells those operations to a Northern California firm, Sierra Pacific Industries, says The Olympian Friday. The Shelton mill could be replaced by a new state-of-the-art mill employing about 150 to 200 people in 2017. Get YOUR…
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Acadian Timber Announces
Acadian Timber has announced that longtime chief executive Reid Carter is stepping down at the end of the week. The company said in its earnings reported issued Tuesday after markets closed that Mark Bishop will become president and CEO effective on Friday. Bishop has more than 25 years of forest industry experience, including the last…
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US Forest Products Industry: 2015 USDA Report
This week the US Department of Agriculture, via the US Forest Service Southern Research Station, released it’s report, “The Global Position of the US Forest Products Industry”. The Key Findings for the solid wood manufacturing sector in this latest US Forest Service report are: • the US share of global wood products output peaked in 1998…
