Tag: NYSE: PHM

Hurricane Florence forced lumber sawmills and paper mills in the Carolinas to close temporarily as strong winds and a deluge of rain hit the coast, said Bloomberg Friday. Producers are racing to secure equipment and sites as Florence makes landfall, said Ewell Smith, executive director of the Carolina Loggers Association to Bloomberg. Companies from Domtar…

Despite its request to the U.S. Department of Commerce, Canada’s Shake and Shingle Alliance was told the country’s shake and shingle industry would not be exempt from U.S. tariffs against softwood lumber, reported Canadian Forest Industries magazine Thursday. The Alliance asked the Commerce Department in June to review which products would be affected by the…

Softwood lumber production in Canada continued it’s drop from last year, falling another -1.7% in January to June 2018, from 14,560 million board feet to 14,316 mmfbm for the same time last year, said the Western Wood Products Association’s monthly Lumber Track Tuesday In the US, softwood lumber production stayed on an upward trajectory for…

A series of powerful storms approaching the US east coast this very week has locals in emergency mode and authorities warning of possible heavy damage. As these severe climate scenarios across North America continue to unfold so rapidly one after the other; first wildfires then almost immediately floods and storms, home and property owners alike…

Following the Labour Day long weekend in Canada and the US, forest industry professionals came back to their desks this week to lumber prices further stabilized over the massive volatility of earlier this year. Very robust US new home building and remodelling — that most had not predicted last year — continues to drive unrelenting…