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Domain Timber Advisors acquired 3,389 acres of timberland in Georgia and Alabama. The subsidiary of Domain Capital Group now manages more than 264,000 acres of timberland. The 2,029-acre GFP Flint property abuts Flint River and Potato Creek and features more than a mile of river frontage and harvest-ready loblolly pine. The 1,360-acre Walley property is
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Futures pricing "tells me is there's still a long-term, bullish supply-demand situation in lumber," said commodities analyst Darin Newsom.
Lumber futures posted their biggest-ever weekly loss, extending a tumble from all-time highs reached last month as sawmills ramp up output and buyers hold off on purchases.