May 23, 2023 — 10:00 am EDTWritten by Eric Rosenberg for Due.com -> Commodity prices have been all over the place for the last few years due to the constant economic changes, from a pandemic to soaring inflation. With fears of a global recession and many other unique factors, there are many concerns over what will happen to commodity
Industry News
Lowe’s Companies, Inc. (NYSE:LOW) has reported a dip in first-quarter sales and has cut its full-year forecast due to the impact of record lumber deflation, bad weather and softer-than-expected consumer demand. The home improvement retailer reported total sales of $22.3 billion for the quarter to May 5, 2023, with comparable sales falling by 4.3%. It also
The Malheur Lumber Company in John Day almost closed for a lack of timber supply, until environmentalists and other members of the Blue Mountains Forest Partners stepped in to develop a 10-year stewardship contract that would ensure a sustained supply of timber from the surrounding forests. Brandon Swanson Malheur Lumber Company in John Day used
CADILLAC — ASG Construction and Remodeling owner Scott Grooms said there has been lots of available work since moving his business to Lake City. However, the problem is he has run into is finding workers to complete the work. “The labor shortages and lack of people … that’s where the biggest challenge is right now,”
Sherwood Lumber, a leading distributor of lumber and building materials, has announced its acquisition of Middle Atlantic Wholesale Lumber (MAWL), a key regional supplier of lumber products. This exciting partnership will provide Sherwood Lumber with an expanded geographic footprint and enhanced service capabilities, enabling the company to better serve its customers. By combining the strengths
Americans have sharply increased their spending on home renovation projects since 2019, which could stem from the cost of new housing, the fluctuation of mortgage rates and the general impact that inflation has had on the economy, according to a report from the Urban Institute. The organization’s Housing Finance Policy Center (HFPC) recently released the
By Adam L. Cataldo Conifex Timber said Friday it will halt production for four weeks at its sawmill in Mackenzie, British Columbia, starting June 5. The decision is expected to affect production capacity by approximately 16 million board feet. On why production is being suspended: “The downtime is necessitated by the low water levels forecast
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