Jefferson County, WAPeninsula Daily News

SOFTBALL: Team Arrow Lumber wins Jefferson County championship

Team Arrow Lumber defeated Team Justice League last week to win the Jefferson County Adult Softball Tournament. Team Sirens took third place and team Barflies-Uptown Pub won the league’s team sportsmanship award. Team Arrow Lumber is, from left, front row: Christa Holbrook, Mikail Callahan, Jayden Minish, Jason Minish, Jamie Aumock, Mallori Cossell, Ryley Eldridge, Whitney Larson. From left, back row, are Cadian Hendricks, Chad Holbrook, Ryan Riggle, Jadeah Nordberg, Marcus Moug, Adrienne Moug and Joel Aumock.
Picture for SOFTBALL: Team Arrow Lumber wins Jefferson County championship
Rapid City, SDKEVN

The upward trend of lumber prices are taking a different route

RAPID CITY, S.D. (KEVN) -The historic high lumber prices have affected a majority of residential construction but that may soon change. “Now we are experiencing that people are saying, ‘No, we’re going to hold off just a minute just because the prices are extreme.’ Now we are seeing the prices come down, we’re nowhere near where we were when we started this uptick in the market,” said Daene Boomsma, owner of Boom Construction.
Picture for The upward trend of lumber prices are taking a different route

Lumber prices are down 68% — but there’s a catch

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. On the wholesale side, the lumber bubble is entirely deflated. For the ninth consecutive week, the price that sawmills charge distributors is down. On Friday, that "cash" market price fell to $479 per thousand board feet, according to data provided to Fortune by Fastmarkets Random Lengths, an industry trade publication. That means the price is down 68% since its $1,515 all-time high in late May, and is lower now than its peak 2018 price.
StocksWKRB News

Canfor (OTCMKTS:CFPZF) Price Target Cut to C$39.00 by Analysts at TD Securities

Several other research analysts have also recently weighed in on CFPZF. Royal Bank of Canada boosted their price target on shares of Canfor from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, May 3rd. BMO Capital Markets boosted their price target on shares of Canfor from $31.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, May 3rd. Raymond James restated a “strong-buy” rating and set a C$19.47 price target (down from C$53.00) on shares of Canfor in a report on Monday, July 26th. CIBC cut their price target on shares of Canfor from C$41.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, July 20th. Finally, Scotiabank lifted their price objective on shares of Canfor from C$42.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Thursday, July 8th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Canfor has an average rating of “Buy” and a consensus price target of $35.91.
Texas Statefox4news.com

Lumber thieves continue targeting North Texas home builders

DALLAS - While lumber prices have crept down since historic highs in May, wood continues to be a new hot commodity for thieves. With demand for building materials high, North Texas home builders are finding it hard to protect their sites. The lumber thefts are adding to the struggle for...

Lumber prices drop again even as customers step in to buy

The latest construction framing dimension softwood lumber and panel price movement downward has been enough to motivate previously reluctant customers to start making purchases again. Other circumstances, like wildfires and extreme heat in the usual timber supply areas, are adding uncertainty to how the rest of 2021 summer is going to go.

What Saw Mills Experienced During Lumber Price Spikes and Why

Remodeling, DIY, and home building demand pushed lumber prices to new heights this past year, and it might make sense to believe lumber mills greatly benefitted, but is that the case? Housing, timber, and raw material reporter Ryan Dezember from the Wall Street Journal tells Georgia Public Broadcasting no. Home building slowed greatly the past 10 years as a result of the Great Recession, leaving an incredible amount of pine on the table during those years. When building demand slowed, the price of widely available logs dropped. Now, the supply chain has reached a pinch point at the mills, says Dezember, because the number of mills in the US has shrunk over time, giving the pricing power back to the mills.

Video: NAHB Chairman Details Lumber Victories, Ongoing Work Ahead

In the August Chairman’s Update with NAHB Chairman Chuck Fowke, members learn about recent victories NAHB achieved in the lumber and supply chain arena. Importantly, NAHB was part of a White House supply chain summit, featuring administration officials including Commerce Secretary Gina Raimondo, HUD Secretary Marcia Fudge, Assistant to the President and Director of the National Economic Council Brian Deese, Assistant to the President and Director of the Domestic Policy Council Ambassador Susan Rice, and Chair of the Council of Economic Advisers Cecelia Rouse. The meeting provided a forum to discuss issues and possible solutions related to the supply chain, and specifically lumber.

Softwood Lumber Part 2: Wood-n’t It Be Nice with Mike Dejong

In Part 2 of this 3 part series, we look at the longstanding softwood lumber trade dispute from a different lens. Adding his unique Canadian perspective on the issue of softwood lumber is Mike de Jong, member of British Columbia Legislative Assembly, who currently serves as the Official Opposition Critic of the Attorney General in Abbotsford. Seeing as Canada is the world leading exporter and second-largest producer of softwood lumber, with British Columbia representing around 63% of exports, de Jong’s insight of this dispute offers a unique look at real life consequences for the lumber industry.

Report: Fire at lumber mill in Chester Grant

A fire has broken out at a lumber mill in Lunenburg County. More than 10 fire departments from three counties are helping battle the blaze at the mill in Chester Grant. They remain on scene as of 4:30 p.m. on Monday afternoon. The cause of the fire is unknown.
Milwaukee, WImilwaukeemag.com

Faces of Milwaukee 2021 | The Lumber Industry

These individuals represent the best of the best, which is why we deem them the Faces of Milwaukee. Read about them here, then seek out their services. Allenton | Cedarburg | Delafield | Franklin | Madison | Slinger | Watertown. Zuern Building Products and Design Center traces its history back...