Prices rally, propelled by housing boom, lumber shortages

August 10, 2020
Category: Today's Takeaway

Lumber futures rallied to record highs last week, propelled by the housing boom but also product shortages. In other Business news: a BC judge approves Northern Pulp’s loan; NRCan, FPInnovations and Kruger focus on biodegradable masks; Domtar considers multiple plant changes; and 84 Lumber opens a new truss plant in Ohio. Meanwhile, the Dept. of Commerce announced duties averaging 80% on Chinese wood-finishing imports, although some exclusions have been extended.

In other news: BC’s planting season wraps with no Covid cases; the Narwhal says the US outdoes BC in protecting endangered species; researchers race to protect Nova Scotia’s hemlocks; both tree cover and urban sprawl increases in Michigan; and Brazil’s deforestation is down 25% from 2019 record. 

Finally, a two-seater roadster mahogany flashback foible – oh my!

Kelly McCloskey, Tree Frog Editor

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