Lumber prices skyrocket due to stronger housing markets and tight supply

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Lumber prices skyrocket due to stronger housing markets and tight supply: “

 

    Lumber prices skyrocket due to stronger housing markets and tight supply   Western sawmills benefit most since they ship lumber to U.S. and Asia   CP MARCH 22, 2013    

  Stacks of lumber sit at a housing development in Petaluma, Calif. U.S. demand due to an improving housing market has helped drive up lumber prices. Photograph by: Justin Sullivan , Getty Images MONTREAL — North American lumber prices have increased by 60 per cent since late 2011 on an improving U.S. housing market and elevated demand from Asia, an international forestry consulting firm says.

Wood Resources International says the random length lumber price index p”

(Via.)

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