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Staggering Lumber Rally Has New Homes Going for $16,148 More

  • Wildfires shake the industry during historically volatile year
  • Supply is so low due to virus that it’s tough to add inventory
Machinery cuts logs during a tree harvest in Moundsville, West Virginia.

Machinery cuts logs during a tree harvest in Moundsville, West Virginia.

Photographer: Ty Wright/Bloomberg
Updated on

The North American lumber industry is having its craziest year in memory -- and that was before the wildfires.

Weyerhaeuser Co., the continent’s biggest wood producer, said Monday that the blazes that have blanketed much of the Western U.S. sky in an apocalyptic orange had reached four of its timber operations in Oregon. All employees were safe, the company said, but several mills temporarily cut back their shifts.