Chip Setzer News Today

Southern loggers are pushing wood production to a 13-year high. So why is the price of lumber up 288%? Fortune 2 hrs ago © Ty Wright/Bloomberg—Getty Images Absorbent lumber prices mean money, in a sense, does grow on trees. Its why loggers are racing to cut down more Southern yellow pines—a plentiful pine that dots the Deep South. On Tuesday, British Columbia-based lumber giant Canfor announced its plan to invest $160 million to build its first-ever sawmill in Louisiana. That comes afte...

Lumber mania is sweeping North America Vox.com 5/3/2021 Emily Stewart © Peter Gercke/picture alliance/Getty Images Contrary to what the memes might have you think, the driver of the truck in the above picture is not a billionaire. For some people, the journey into America’s lumber crunch starts with the decision to build a new home, or at Home Depot, where the pandemic-driven home renovation craze has contributed to making basic materials pricey and hard to come by. For o...