Page 19 - Random Lengths News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 to pricing service Random Lengths, engineered wood products for new construction are in short supply,...

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Advertisement Lumber Prices Hit Record High, Threatening Housing's 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 Lengths Framing Lumber Composite reflecting the highest volume-producing regions of the U.S. and Can...

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 it's 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 composite price is less than one per cent away from its all-time high set in mid-September.