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CLAYSBURG, Pa. (KDKA) -- A massive fire broke out at a lumber yard in Blair County on Monday night. The fire started at U.S. Lumber, a lumber yard and distribution center in Claysburg, around 20 miles south of Altoona. We're told that everyone got out safely. The cause of the fire is under investigation.

For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. Wherefore take unto you the whole armour of God, that ye may be able to withstand in the evil day, and having done all, to stand. Ephesians 6:12-13 (King James Version) It is so incredible when you catch a liberal saying the quiet part out loud. While filming the latest Forestry Board testimony we caught them in a unrehearsed moment, and they admitted the entire song and dance of protecting the forests...

Today, House Committee on Natural Resources Chairman Bruce Westerman (R-Ark.) and Subcommittee on Oversight and Investigations Chairman Paul Gosar (R-Ariz.) led a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler and Director Haoxiang Zhu, seeking information on a proposed rule change to permit the listing of Natural Asset Companies (NACs) on the New York Stock Exchange (NYSE).

Discover the Untold Stories of Pennsylvania's Logging Legacy | Dive into the Rich History of Logging in the Keystone State! From Steam Power to the Williamsport Boom, explore how this fascinating industry shaped Pennsylvania's past. Join us on a journey through the heart of lumber history and learn about the innovations, challenges, and triumphs that defined it. Don't miss this deep dive into Pennsylvania's Logging History! VISIT OUR WEBSITE! https://www.lumbercapital.com/

I just went to buy some lumber. The price has come down about 40% in two weeks. Yes, lumber is crashing even though everything else is going through the roof. Demand is starting to evaporate. Buckle up.

Lumber prices have been halved since the Federal Reserve embarked on its most aggressive interest rate tightening campaign in decades as the pandemic boom in housing slows. Lumber contracts trading on the CME crashed to $653 per thousand board feet, down 51% from a high in late February of $1,336. The decline in wood prices occurred about two weeks before the Fed began hiking interest rates in mid-March. The Fed is expected to continue raising rates this summer. Interest rate probabilities show the Fed could hike by 50bps at three of the next FOMC meetings to suppress consumption and get...

Chainsaws are an important tool in any homeowner’s tool shed. From trimming trees to clearing fallen branches, there is no quicker way to cut through thick branches or take down a tree. In fact, you won’t get a tool with more power per inch than a chainsaw. But all that power comes responsibility. The chain of the chainsaw moves anywhere from fifty to even eighty miles per hour at full throttle, cutting through the thickest branches with ease. Just imagine what this tool can do to your fingers or toes after a small moment of distraction.

The spring construction season is about to begin as homeowners face some of the highest lumber prices ever for this time of year. March lumber futures in Chicago closed at $1,270 per 1,000 board ft. in Chicago on Friday, up more than 36% since the beginning of the month due to tighter Canadian supplies ahead of the spring building season. Bloomberg reports the increase in lumber prices comes as Canfor Corporation, the world’s third-largest integrated forest products company based in Vancouver, British Columbia, announced a supply cut of 150 million board feet of production due to mountain pine beetle infestation...

Looking to build a house? Lumber prices tell you what direction prices are headed.After hitting record highs near $1700 the price of lumber crashed below $500. The respite didn't last long. Lumber closed December at $1127.70. Historically, the normal price would be in the range $250 to $400. That makes lumber about 3 times higher than what builders are used to paying. Builders will pass on these hikes as well as the price of labor and other materials. And land prices are out of sight in many areas. Not InflationEconomists say this isn't inflation. And none of it is in...

Lumber prices are above $1,000 for the first time since early summer as a hot housing market continues to drive demand. According to Markets Insider, lumber prices are up 127% from its most recent low. With demand high and supplies low, record low interest rates still drive homeowners to the market, so much that builders are struggling to keep up. Note the surge in lumber futures prices back in April and May 2021 that eased. But lumber futures prices are gaining steam again. Let’s see what happens to lumber prices and new home prices if and when The Federal Reserve...

The U.S. Department of Agriculture announced that it has begun the process of undoing the Trump Administration's policy of allowing more logging in Alaska's rain forest. Secretary Tom Vilsack explained that "we need to keep in step with the President's desire to tamp down the economic activity that contributes to climate change. We can't let the destruction of the energy sector bear the whole weight of the transition to a simpler way of life." Lumber prices have been skyrocketing even with the increased logging allowed under the Trump rules. Choking off this supply will put further upward pressure on industries...

PORTLAND, Ore. (AP) — Political appointees in the Trump administration relied on faulty science to justify stripping habitat protections for the imperiled northern spotted owl, U.S. wildlife officials said Tuesday as they struck down a rule that would have opened millions of acres of forest in Oregon, Washington and California to potential logging. The U.S. Fish and Wildlife Service reversed a decision made five days before Trump left office to drastically shrink so-called critical habitat for the spotted owl. The small, reclusive bird has been in decline for decades as old-growth forests disappear. The Associated Press obtained details on Tuesday’s...

•The price of lumber futures has fallen to its lowest level since November 2020, erasing this year's dizzying gains.•An investment chief says the price of the commodity could reach its pre-pandemic level in the next 12 months.•He added, however, that the price trends will vary by geography. Prices for lumber futures have descended to levels not seen since November 2020, erasing this year's dizzying gains amid a cooling demand for the red-hot commodity. Lumber prices fell for the 10th consecutive week to trade at $536 per thousand board feet - 67% lower from their May 7 peak of $1,670 per...

Lumber futures on Chicago Mercantile Exchange plunged more than 40% in June, suffering the worst ever monthly decline on record dating back to 1978. Prices are down 18% in 2021 and recorded the first negative first half since 2015. Lumber peaked in late April/early May at around $1,711 per thousand board feet, and as of Thursday morning, prices are down more than 4% to $684. It appears the great lumber bubble of 2021 has encountered a classic commodity blowoff top, down -60% from the highs.Readers may recall we’ve been closely following the lumber bubble: The latest drop in prices “suggests...

Lumber futures on Chicago Mercantile Exchange have been nearly halved in a matter of a month to $879 per thousand board feet from the all-time high in May of around $1,711. The reason for the latest downdraft is because sawmills are boosting output and domestic production is increasing, catching up with demand. “High prevailing prices have already encouraged lumber mills to boost output, and we anticipate that domestic production will rise even further as labor shortages in the trucking and forestry sector dissipate,” Samuel Burman, assistant commodities economist at Capital Economics. Lumber, which is typically transported on one of three...

Earlier this month, we told readers, “Lumber Prices Slump As Historic Boom Hits A Wall,” as sawmills were catching up with the flurry of demand from North American homebuilders amid supply chain issues, which created massive supply constraints, which propelled lumber prices to record highs. Ole Hansen, Saxo Bank’s chief commodity strategist, said the plunge in lumber prices might spiral down some more as speculators exit their positions and supply catches up with demand. Lumber futures on Chicago Mercantile Exchange are down more than 2% on Thursday. Prices have fallen 44% since May’s record high of over $1,700 per thousand...

Lumber prices are falling back to Earth. Futures for July delivery ended Tuesday at $1,009.90 per thousand board feet, down 41% from the record of $1,711.20 reached in early May. Futures have declined 14 of the past 16 trading days. Cash lumber prices are also crashing. Pricing service Random Lengths said Friday that its framing composite index, which tracks on-the-spot sales, dropped $122 to $1,324, its biggest ever weekly decline. The pullback came just six weeks after the index rose $124 during the first week of May, its most on record. Random Lengths described a chaotic rout in which sawmill...

Lumber futures on Chicago Mercantile Exchange posted their largest-ever weekly loss, extending a multi-week decline as sawmill output increases and buyers hold off on purchases, according to Bloomberg. On Friday, lumber futures fell 5.61% to $1,059.20 per thousand board feet. For the week, prices plunged 18%, the most significant decline since 1986, one year before the 1987 stock market crash.Lumber prices have crashed 40% from the record high in May of around $1,711.Lumber prices have catapulted into the stratosphere in the last year, hitting renovators, home builders, buyers, and anyone else extremely hard. The National Association of Home Builders (NAHB)...

Insane Lumber Prices Show How Governments Break EconomiesLockdowns, tariffs, and other market interventions made wood an expensive commodity.If, like me, you went to purchase lumber within the past few months for your garden, shelves, or other home projects, you found yourself paying through the nose for materials—or else putting off the work in hopes of lower prices in the future. It's even worse if you're a awaiting a new home, since expensive lumber is adding tens of thousands of dollars to the price of building the average house. You can blame pandemic-era lockdowns, tariffs, and other government interventions in the...