US paper and building products manufacturer Georgia-Pacific LLC is investing US$150 million to open a new sawmill in Albany, GA, as the firm expands its production of softwood lumber, a company press release announced Tuesday. Georgia-Pacific to Build $150-million Sawmill Paper and building products manufacturer Georgia-Pacific LLC is investing US$150 million to open a new mill in Albany, GA as the firm expands its production of softwood lumber, a company press release announced Tuesday. Slated to commence operations by the end of 2018, the…

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It was quite surprising to Madison’s this week to learn that RISI has bought Random Lengths: https://markets.businessinsider.com/news/stocks/risi-announces-acquisition-of-random-lengths-1027426671 RISI already runs Crow’s Market Weekly: https://www.risiinfo.com/product/crows-market-price-service/ Madison’s wonders how a single company is planning to put out two competing publications at the same time? This, after RISI itself having it’s European offices raided for securities breach in February: https://www.ft.com/content/67a90bb2-faa2-11e7-9b32-d7d59aace167 As always, Madison’s Lumber Reporter is the best, the most accurate, the most on-time source for all North American construction framing softwood lumber…

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Contracts for new, single-family home sales declined in June, falling -5.3% to a 631,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the US Census Bureau Wednesday last week. The decline came off a downwardly revised May estimate, which was dropped from an initial read of 689,000 to a new estimate of 666,000. US Home Ownership, New Home Sales According to the US Census Bureau’s Housing Vacancy Survey (HVS), released Thursday, the US homeownership rate was 64.3%…

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The supply-demand balance situation became much more clear this month for North American solid wood operators. Also, end-users have updates on field inventories both at producers and with secondary resellers. As the market was better able to determine how much construction framing dimension lumber is in the supply chain compared to immediate future building needs, prices on almost all commodity items dropped significantly. Where sawmill order files had been five weeks or longer one month ago, they were now —…

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About 1,500 sawmill workers impacting 13 sites in northern British Columbia are expected to take a strike vote sometime in the next week or so, said the Williams Lake Tribune Tuesday last week. The move could impact all of Tolko Industries’ employees in the north (including both mills in Williams Lake, BC), half of all of Canfor’s work force located in Fort St. John, Houston, Isle Pierre and Prince George, as well as the West Fraser planer in Williams Lake,…

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