North American lumber producers are booming again

North American lumber producers are booming again
Home construction boom suggests builders are going to need a lot more wood. Their stocks aren’t quite as hot as home builders’, but Weyerhaeuser WY 0.54% increase; green up pointing triangle, Boise Cascade BCC 1.05% increase; green up pointing triangle and others that own sawmills and make wood panels have been big winners lately, thanks to the recovery in residential construction. Housing starts rose in May to a seasonally adjusted annual rate of about 1.6 million, the Census Bureau said last month. That is 22% more than in April and the most since the ...

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