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| Housing Rebound Challenged |
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| The loss of nearly 2 million workers over the last five years is taking a toll on the housing rebound as builders struggle to find enough workers to keep up with new orders. Workers who left the building trade have found other employment or, in the case of immigrant workers, have returned to their home countries. Michael Fink, CEO of Leewood Real Estate Group in Trenton, N.J.: "Our subcontractors can't get people; they can't start on time; they can't get things done on time." More on this story can be found inside today's LBM Daily newsletter.
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editor@lbmdaily.com |
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| Futures & Options: Mixed |
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| Contract | Close | Change | Volume | Open Int | | | July 2-13 | 306.80 | + .50 | 1197 | 305.30 | | | Sept 2013 | 317.70 | +6.20 | 605 | 312.00 | | | Nov 2013 | 319.80 | +4.50 | 122 | 314.90 | | | Jan 2014 | | | | | | |
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| Lumber Futures were mixed today but closed higher trading both sides of unchanged following two days of trading expanded 15.00 limits. The lead July contract settled at $306.80 adding $.50 while September jumped $6.20 to $317.70 followed by the rest of the months adding $4.50 across the board. ...Click here to read the rest of this article. |
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