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...Excluding the effect of the big fall in lumber prices, the decline was only 2.3 per cent....
...It will also sell its wood and lumber products business, Idaho Timber, in two deals for a combined $239mn....
...He in effect now runs a mining multinational that includes, according to the US government, gold, diamonds, oil and lumber operations across Syria, Sudan and the Central African Republic....
...The company has encountered rising prices in many of its core commodity categories, such as lumber and copper, but chief executive Ted Decker said it was not entirely clear how inflation would affect consumer...
...Viewed in this way, lumber costs do not accurately indicate future DIY retailer sales. True, the astronomical surge in lumber prices did turbocharge top line growth at both companies....
...A surge in lumber prices has helped. Dearer commodities translate into higher prices for end consumers, boosting the top line....
...And at Home Depot, the DIY chain, a pandemic-fuelled boom in home improvement projects continued to drive demand for lumber and tools, also lifting the company to record first-quarter revenues....
...A version of this article was first published on May 24 by Nikkei Asia. ©2021 Nikkei Inc. All rights reserved....
...Even higher lumber prices have not held back the gross margin in home sales, which came in at 21.8 per cent for the full year. At two times book value, DR Horton shares are not cheap....
...Economists caution, however, that higher lumber prices could weigh down on momentum as DIY accounts for about 40 per cent of lumber demand....
...Both Home Depot and Lowe’s operate cavernous warehouses filled with aisles of lumber, paint and lighting fixtures....
...Home Depot, which is also suffering from deflation in lumber prices that forces it to lower the cost of its flooring, fences and decks, has warned on the impact of tariffs just days after tractor maker Deere...
...Shares of Lumber Liquidators, which were halted earlier on Tuesday, were down 1.8 per cent at $11.24....
...“We were pleased with the underlying performance of the core business despite unfavourable weather in February and significant deflation in lumber prices compared to a year ago,” said Craig Menear, chief...
...A version of this article was first published by the Nikkei Asian Review on January 8 2020. @2020 Nikkei Inc. All rights reserved....
...Confidence has taken a knock owing to high material costs, notably lumber and rising labour costs....
...Homebuilder confidence in September sat at its weakes level this year, owing to high materials costs, particularly lumber, and rising labour costs....
...Recent data showed homebuilder confidence in September was at its weakest level this year, owing to high material costs, notably lumber, and rising labour costs....
...He said labor probably accounts for 20-30 per cent of the cost increase the company is seeing, with the rest attributed to higher lumber and construction material prices....
...The strength of the US economy is also apparent in the company’s ability to pass on input price increases, which were notable in lumber and copper....
...Thousands of trucks shuttle along it daily carrying everything from lumber to fizzy drinks. Their drivers are well served. Three truck stops offer showers, burgers, video games and diesel fuel....
..., paint, carpeting Auto parts and tires Home appliances including air conditioners, refrigerators, freezers Home electronics inc....
...It also comes as am increasing number of US actions are targeting what it claims are subsidised and dumped imports from Canada ranging from Bombardier jets to lumber....
...The types of items that the group sells, such as lumber and appliances, has also shielded it from e-commerce competition from Amazon that has roiled other retailers....
...Analysts have also said that some of the items that Home Depot markets, such as lumber, tend to be much less susceptible to competition from Amazon, the online behemoth that has leached sales from traditional...
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