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Housing Starts, US
US home construction fell 9.3 per cent in June, a surprising sign of weakness for a sector that has struggled to maintain momentum over the past year. Housing starts sank last month to a seasonally adjusted annual pace of 893,000, the weakest showing since September 2013, the Commerce Department said Thursday. It was the second-straight…
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Oregon Timber Harvest
In 2013, Oregon’s timber harvest rose to 4.2 billion board feet, marking four consecutive years of increase from the recession low of 2.72 billion board feet in 2009 said the Oregon Department of Forestry Thursday. Timber harvest increases can be attributed to a strong export market for Oregon logs in 2013, coupled with a domestic…
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West Fraser Reports
West Fraser Timber Wednesday reported lower year-over-year earnings in 2Q despite an increase in sales revenue. The Vancouver-based softwood lumber producer says net income in the quarter was $74 million, or 87 cents per share, compared with $109 million, or $1.27 per share, in the comparable 2013 period. Revenue rose to $1.05 million from $900…
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Oregon Plywood Mill Burns Down, 250 jobs lost
Swanson Group’s Oregon plywood mill burned down Fri: 250 jobs, 15 million square feet monthly production gone. Plywood product mix was 60% for housing, 40% industrials. “In addition to its Glendale plywood and veneer plant, Swanson also has a sawmill in Glendale and a stud mill in Roseburg. Of the 7 million feet of plywood…
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Lumber sector grapples with epic wildfires and melting highways
Traders of solid wood products reported slightly slower sales this week, however expressed surprise that the usually slow-down month of July started off with such strong volumes. Sawmills will embark on regular seasonal and maintenance curtailments over the next four weeks. Prices on most dimension lumber and panel items remained mostly flat this week, with…
