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Recent Articles

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Forest2Market: US homebuilding down to 13-month low in May, and prices for finished softwood lumber followed suit as housing market cools; uncertainty keeps plaguing lumber producers in business climate still dominated by inflation, stressed supply chains

CIBC: Mid-week update published June 22 shows lumber steady to slightly higher, with W. SPF up 4.5% since June 17 to US$585/mbf, and SYP 2x4 flat at US$555/mbf; OSB continues to plunge, with North Central down 8.9% to US$410/msf, Western Canada down 9.3%

UK timber and materials supplier James Latham partners with Bangor University to create a carbon calculator tracking full environmental impact of its products; calculator will detail carbon within wood's structure to manufacturing, delivery and storage

Canfor Southern Pine will invest US$25M to modernize its Hampton County facility in South Carolina; upgrades include new technology and equipment to help meet growing global demand for its wood products, are expected to be completed by end of 2022

BofA downgrades Boise Cascade and LP to neutral from buy, citing weak outlook for US single-family housing starts, expected to drop to 800,000-900,000 in 2023 from current pace of 1.1 million; weaker housing demand to be reflected in wood volumes, pricing

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