December 8, 2010 in Business

Lumber firms hopeful for 2011

 

LONGVIEW, Wash. – A small boost in domestic housing starts and China’s growing demand for lumber are giving Western producers encouragement for the new year.

The Western Wood Products Association reported Monday that lumber production in the West was up 7.9 percent through the first 10 months of the year compared to 2009.

Prices have risen to an average of $274 per thousand board feet in November, about 15 percent higher than last year, reports Random Lengths, a Eugene, Ore.-based forest products trade publication.


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