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Montana's forest products industry: current conditions and 2007 forecast.

Publication: Montana Business Quarterly
Publication Date: 22-MAR-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Operating Conditions

In response to dramatically lower U.S. housing starts, prices for most wood products were down sharply in 2006 relative to 2005. Average lumber prices fell by over 20 percent as 2006 progressed (Figure 1). Lower prices coupled with continued constraints on timber harvest caused a decline in sales, production, and employment in Montana's forest products industry.

Housing starts fell in response to a build up in inventories of unsold homes...

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