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...Believed to have been built in 1040, this monumental hilltop fortress was, for centuries, the stronghold of a former Austrian enclave....
...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...
...Rob hands me a rod of granite, a core sample from deep within the hilltop site. It’s heavy. This is the ancient ballast of the planet into which his family’s vision will be drilled....
...But the collapse in lumber prices should not be mistaken for a collapse in end-user demand. The spike in wood prices seen over the past year resulted from a series of exogenous shocks....
...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...
...The Department of Justice said Lumber Liquidators will pay a criminal fine of about $19m and $14m in forfeiture....
...“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...
...Paint, piping, lumber, drills and fittings are among the many products stocked by Lowe’s — and its sales have boomed....
...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....
..., freezers Home electronics inc....
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