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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
Published: June 24, 2022 by Forest2Market Inc.
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%
Published: June 24, 2022 by CIBC World Markets Inc.
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
Published: June 23, 2022 by ENP Newswire
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
Published: June 23, 2022 by South Carolina Governor
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
Published: June 23, 2022 by Seeking Alpha Ltd.

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