What's the latest in market trends for timber?
William Sonnenfeld released his third quarter report recently. Here's what he said:
"Of particular note over the past quarter, housing starts notched lower, as did building product prices. Log prices showed more resiliency, however, reducing 'gross margins' in the West and South. However, the impacts were not evenly felt; the gap between western and southern mills expanded to $159/MBF in the South's favor."
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MARKET TRENDS REPORT