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Lumber Executive Expects Volatility, Elevated Prices to Last for 'Foreseeable Future' – NBC 6 South Florida nbcmiami.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcmiami.com Daily Mail and Mail on Sunday newspapers.
Lumber buyers pay up or run out amid U.S. homebuilding surge Marcy Nicholson, Bloomberg News VIDEO SIGN OUT With U.S. lumber prices at fresh record highs, construction companies and wood wholesalers are buying just enough to get by, threatening to make price swings even bigger. Lumber futures in Chicago reached a record US$855.10 per 1,000 board feet on Tuesday, having surged more than 30 per cent since Jan. 12. This price surge during what is typically a winter lull has surprised the industry, raising homebuilding costs and forcing many buyers to purchase only their immediate needs. That may filter through to housing prices, while also boosting earnings at lumber companies such as Weyerhaeuser Co. and West Fraser Timber Co. ....
Lumber Buyers 'Pay Up or Run Out' Amid US Homebuilding Surge newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.