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Timber Downturn Hits Northwest Lumber Sector Hard
The Northwest timber industry faces its worst downturn in years with rising costs, higher interest rates, and reduced demand. Oregon mills slash output and lay off workers as prices for lumber and plywood jump, while homeowners hesitate amid tight credit and a fragile recovery. Dale Coleman of Lane Plywood notes price spikes reflect spring buying but anticipates no sharp rebound.
MENTIONED IN THIS ARTICLE
Portland
Ore
Northwest
Indus
Fed
Oregon
Toinimum
Dale Coleman
Lane Plywood, Inc
Eugene Ore