Lumber Mills Expand as Prices Rise Most Since 1993

Lumber Mills Expand as Prices Rise Most Since 1993

Daniel Acker/Bloomberg

Lumber sits in an apartment building under construction in Peoria, Illinois. The strength of U.S. housing surprised mill owners, who had curbed production because of the recession and beetle outbreak, said David Elstone, an analyst at ERA Forest Products Research in Gibsons, British Columbia.