Hints and tips:
...Excluding the effect of the big fall in lumber prices, the decline was only 2.3 per cent....
...Merchant banking makes direct investments in outside companies....
...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....
...Despite falling by more than half over the past two months as Americans start to go on holiday again instead of renovating, US lumber prices are still trading at $782 per thousand board feet, significantly...
...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....
...The company expects home sales in fiscal year 2021 to be between 77,000 and 80,000 units, an 18 to 22 per cent rise from the year that just ended....
...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....
...The charges are related to public statements made by Lumber Liquidators, a Virginia-based seller of hardwood and laminate flooring, following an expose on the CBS program, “60 Minutes,” that aired on March...
...A majority of companies in the S&P 500 index of leading shares have beaten analysts’ earnings forecasts so far....
...“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....
...Donald Horton, chairman, was still upbeat about the company’s outlook....
...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 gross margin on hurricane-related sales was also “considerably less” than the company average....
International Edition