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Panel Prices Recover Magnificently, Big Changes at British Columbia Sawmill Operators
This week started with big news as Canfor announced a bid to go private, and Conifex sold its Fort St James timber rights to Hampton, which plans to build a new sawmill within 36 months. Last week, construction framing dimension softwood lumber prices rose slightly, while Oriented Strand Board and Plywood prices absolutely soared. There…
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Canfor Goes Private
The business of producing construction framing dimension softwood lumber in British Columbia just Got More Interesting: Great Pacific Capital Corporation, which already owns 51 per cent of shares in Canfor, will purchase the remaining 49 per cent at $16 each, in a deal that is estimated at more than $980 million. A special committee of lumber giant Canfor’s…
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Conifex Sells Fort St James Timber License to Hampton; New Sawmill Build
The business of producing construction framing dimension softwood lumber in British Columbia just Got More Interesting: British Columbia has approved the transfer of Conifex’s forest licence in the Fort St. James, BC, area to Fort St. James Forest Products, a subsidiary of Hampton Lumber Mills. Conifex announced the $39 million sale in June, pending provincial…
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US House Prices vs. Softwood Lumber Prices: Oct 2019
Average US House Sales Price vs Benchmark North American Construction Framing Dimension Softwood Lumber Prices: 3Q 2019 US house prices rose in August, up +0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose +4.6 percent from August 2018 to August 2019. The previously reported +0.4…
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US New Home Sales: Sept 2019
Contracts for new, single-family home sales in the US inched down -0.7% in September to a 701,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The decline came off a downwardly revised August estimate, which was decreased from an initial reading of 713,000 to a new…
