Page 10 - Random Lengths News Today

February 16, 2021 Timber sector-related exchange traded funds continue to grow as lumber prices have surged over the past three weeks on ongoing demand in the real estate market. The Invesco MSCI Global Timber ETF (CUT) has gained 6.4%. Over the past year, WOOD has advanced 35.2% and CUT has grown 30.8%. Defying the traditional winter slowdown in wood product sales, lumber prices are hitting record highs across wood species, products, and grades, the Wall Street Journal reports. According t...

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Advertisement Lumber Prices Hit Record High, Threatening Housings Momentum As lumber prices continue to rise, home builders look for short- and long-term solutions to keep construction (and the economy) moving By Rich Binsacca February 16, 2021 The continuing escalation of softwood lumber prices have caused home builders to slow or stop projects. Continue Reading The price of softwood lumber reached a record high today of $966 per thousand board feet, according to the Random Len...

VANCOUVER - Lumber producer Interfor Corp. is buying a sawmill in South Carolina from WestRock Co. for US$59 million in cash.The news comes as North Ame...

Interfor says the mill its buying produced about 125 million board feet of lumber in 2020 but has a permit to expand to about 200 million board feet per year. The purchase is expected to boost company capacity to 3.2 billion board feet per year, with 55 per cent in the Southern U.S. In a report quoting lumber market watcher Random Lengths, CIBC analyst Hamir Patel said western spruce, pine and fir lumber hit a new record high of US$963 per thousand board feet on Tuesday and the lumber composit...

Plywood, OSB Prices Fall Plywood, OSB Prices Fall Portland. OR, Dec. 10--The party may be over for wood paneling producers, according to the Oregonian. For most of the year, makers of plywood and oriented strand board enjoyed an enormous surge in prices. Homebuilders bought as much paneling as they could find, as new home construction surged during the summer to the highest levels in more than a decade. The benchmark price for oriented strand ...

“Poor Captain Lyle/ Was drinking a beer at the bar./ One of the local losers/ Tried to get dear/ With a hole in his pocket/ Just to grab his cash fast./ Lyndie the bartender/ Just 86’d her ass.”—James Allen. Photo: “Captain Lyle at the Indian Room,” by Ray Carofano “Poor Captain Lyle/ Was drinking a beer at the bar./ One of the local losers/ Tried to get dear/ With a hole in his pocket/ Just to grab his cash fast./ Lyndie the bartender/ Just 86’d her ass.”—James Alle...

From its large lumberyard in eastern Henrico County, the Ruffin & Payne Lumber Co. ships out building products to construction projects around the Richmond region. With 40 years of experience in the lumber industry, company President George E. Haw says he hasn’t experienced anything quite like what has happened this year with lumber prices, as the COVID-19 pandemic has played havoc with them almost all of 2020. “It’s been crazy,” Haw said. “I’ve been around a long ...