A housing boom has caused lumber prices to soar in 2021.Mike Blake/Reuters Lumber prices are down more than 20% this year but are poised to gain upward traction, experts told Insider. Futures pricing for lumber suggest demand is building up for summertime projects. Higher interest rates have dampened demand in the housing market so far
Breadcrumb Trail Links News Local News Local Business Business The buyers intends to continue milling specialty timbers for Japanese housing Article content San Group, an independent forestry firm based in Langley, has struck a deal to buy an under-utilized sawmill on the Fraser River in Delta from larger competitor Interfor Corp., the companies have announced.
Article content BURNABY, British Columbia, April 12, 2022 (GLOBE NEWSWIRE) — INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) announced today that it has reached an agreement to sell its Acorn specialty sawmill located near Vancouver, British Columbia (“B.C.”) (the “Mill”) to an affiliate of San Industries Ltd. (the “San Group”). The Mill is located
Breadcrumb Trail Links World News Business Lumber futures fell as much as 8.4 per cent to $870 a 1,000 board feet in Chicago on Monday, extending a slump to about 30 per cent since the start of March Author of the article: Bloomberg News Zijia Song Stacks of lumber sit outside at the Power Wood
The United Nations Intergovernmental Panel on Climate Change said global emissions must reach net-zero by 2050. Current state goals fall short. Oregon will need to prioritize carbon sequestration in state forests and farmlands in order to advance overall greenhouse gas emission reduction goals. (Oregon Department of Forestry/Flickr) Oregon’s top climate experts agree with the conclusions
istock.com/JamesBrey A recent post from the National Association of Home Builders shows that both single-family and multifamily housing builds in rural areas increased over the past year. According to NAHB, the rural growth is accelerating. According to NAHB’s Home Building Geography Index (HBGI), 10.5% of all single-family homes built in Q4 2021 were built in rural areas,