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Nation's lumber industry continues to suffer from housing market's ills
Posted on Wednesday, October 29, 2008With fewer new houses under construction, and foreclosure notices surging this summer, there's a lot at stake for the sawmills and loggers that feed the nation's dwindling appetite for floorboard, housing frames and cabinets. In 2007, the Southern region of the U.S. saw a 30-percent decrease in lumber production and that is mimicked in other parts of the country. Millions of private landowners that manage family owned timberlands also depend on the lumber industry.
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