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The US Commerce Department reported new single family homes sales fell in February for the third consecutive month. New home supply is a heavy 8.1 month's supply at the present pace, the highest since January 1991.
International Paper has completed the sale of 13 lumber mills to West Fraser Timber for approximately US$325 million. The sale was first announced in November 2006.
Douglas Fir
Prices for most sorts are soft as lumber markets are sluggish.
Standard Old Growth |
$115-$125 |
Chip & Saw |
$55-$60 |
Red Cedar
Prices are strong for all sorts.
Merch Old Growth |
$180-$190 |
Cedar Chip & Saw logs |
$105-$115 |
Western SPF:Sales have perked up as producers struggle to sell daily production resulting in lower prices.
Green Douglas Fir
Many traders feel that at today's prices there is little down-side risk to buyers. Low grades firmed as supplies tightened.