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Interfor Markets Ilim
Vancouver, BC’s, Interfor and Ilim Timber, based in Germany and Russia, announced Thursday they have reached an agreement under which Interfor will market Ilim Timber’s European lumber products in North America. The first shipment of European spruce and red pine will arrive on the eastern seaboard of the US in the second half of October.…
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Housing Starts, US
US home building rebounded in September on the strength of apartment construction, a category that provides less of an economic boost than single-family homes. Housing starts rose 6.3 per cent in September from a month earlier to a seasonally adjusted annual rate of 1.017 million units, the Commerce Department said Friday. Building permits increased 1.5…
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US Builder Confidence
The US Home Builder Confidence Index, which measures confidence in the market for new single-family homes, declined by five points to a seasonally adjusted level of 54 in October, the National Association of Home Builders said Thursday. A reading over 50 means most builders generally see positive conditions. The index jumped in September to 59,…
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GP Expands Sawmill
Georgia-Pacific, out of Atlanta, GA, announced plans Thursday to invest US$37 million in its lumber plant in Gurdon, AR, to expand the production capacity of the sawmill by about 60 per cent. The improvements include the installation of a new continuous dry kiln and a planer mill, in addition to infrastructure improvements. The project is…
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Canada Lumber Export, Lumber Prices, US REIT Values : August and October 2014
Canada softwood lumber exports to US by VALUE, Jan – Aug 2014 up 17% over 2013, lumber prices essentially flat Canada Lumber Export, Lumber Prices, US REIT Values : August and October 2014 from Madison’s Lumber Reporter
