Lumber and building material prices seem to be slowly grinding lower again. Lumber & building material supply businesses in Georgia continue to suffer as a result of housing market fundamentals:
James Hardie: US Housing Market Hasn't Bottomed, But Close
NEW YORK (Dow Jones)--James Hardie Industries NV (JHX) Chief Executive Louis Gries said Monday he expects positive year-on-year housing starts data in the U.S. between March and May 2010.
DJ CME Lumber Review: September Slips But Most Others Gain
Trading Markets (press release)
A broker said better-than-expected housing starts in Canada during August reported early in the day might have been mildly supportive for lumber futures.
-There seems to be little support for OSB prices, other than 2-3 week order files at the mills. With the mill curtailments and shutdowns in effect, development of any tropical activity could cause a further surge in prices.
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