Hardwood Makers Increase Lumber Purchases

New York, NY, Aug. 8, 2012 -- U.S. residential flooring manufacturers increased their lumber purchases, but several have not received as much as they wanted, according to Woodworkingnetwork.com.

The website reported that unfinished oak strip flooring prices have been moving higher since early spring, which may be due to rising home construction.

The report said that the prevailing price for 2¼ inch #1 common red oak has climbed 20.1% since March 1.