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Logs to be processed are pictured at Interfor's Acorn Division mill in Delta, B.C., on Friday September 14, 2012.
Logs to be processed are pictured at Interfor's Acorn Division mill in Delta, B.C., on Friday September 14, 2012.
(Darryl Dyck/The Globe and Mail)

SCOTT BARLOW

Swoon in lumber price splinters U.S. housing stocks

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A steep downdraft in lumber prices in recent days has spooked equity investors who are bullish on market-leading U.S. housing stocks. The sustainability of a recovery in the U.S. housing market is far more questionable than it was a week ago.