Forest Products

At 10:17 am, the Dow surged 0.36% to 15,288.10, the broader Standard & Poor's 500 index moved up 0.51% to 1,658.94 and the NASDAQ composite index rose 0.52% to 3,483.38. The industries that are performing well in the market today are: Medical Practitioners: This industry jumped 4.69% by 10:17...

At 12:15 pm, the Dow surged 0.87% to 14,800.51, the broader Standard & Poor's 500 index moved up 0.10% to 1,585.88 and the NASDAQ composite index rose 1.71% to 3,293.26. The worst performing industries in the market today are: Silver: This industry tumbled 2.53% by 12:15 pm. The worst stock...

Deutsche Bank downgraded Louisiana-Pacific (NYSE: LPX) from “buy” to “hold.” Louisiana-Pacific's shares closed at $13.28 yesterday. Louisiana-Pacific's trailing-twelve-month ROE is -15.47%. Analysts at Credit Suisse downgraded Ericsson (NASDAQ: ERIC) from “neutral” to “underperform.” Ericsson's...

Bank of America raised its rating on Louisiana-Pacific (NYSE: LPX) from Underperform to Buy and increased its price target from $9 to $16. Bank of America noted, "While admittedly late, we upgrade LPX to Buy from Underperform to move alongside other wood and housing-related Buys including...

Louisiana-Pacific Corporation (“LP”) (NYSE: LPX) announced today the commencement of an exchange offer pursuant to which it is offering to exchange up to $350,000,000 in aggregate principal amount of its 7.500% Senior Notes due 2020 (the “New Notes”), which have been registered under the Securities...

According to the S&P/Case-Shiller Survey Home Price Indices, a measure of U.S. home prices, showed that on average home prices increased 1.3% in the month of April for both the 10- and 20-City Composites. This comes after seven consecutive months of falling home prices as measured by both...

The Pending Home Sales index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 5.5 percent to 95.5 in April from a...

The MBA Mortgage Applications Survey tracks new home mortgage applications and resembles a current indicator for the U.S. housing market. The Survey decreased 1.3% versus the prior week. This is essentially bullish for the U.S. housing market. MBA Mortgage Applications measures the change in the...

The MBA Mortgage Applications Survey tracks new home mortgage applications and resembles a current indicator for the U.S. housing market. The Survey increased 3.8% versus the prior week. This is essentially bullish for the U.S. housing market. MBA Mortgage Applications measures the change in the...

Existing Home Sales measures the change of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a strong indicator of overall economic strength. The Survey states that 4.62 million existing residential...

Louisiana-Pacific Corporation (“LP”) (NYSE: LPX) today announced the early tender results for its previously announced offer to purchase and solicitation of consents for its 13% Senior Secured Notes due 2017 (the “2017 Notes”). As of 5:00 p.m., New York City time, on May 18, 2012 (the “Consent...

Building Permits tracks the change in government issued new building permits from the prior month. Housing starts tracks the change in the number of new residential buildings that began construction during the month. Both signal to the health of the US housing market. Larger-than-expected increases...

The MBA Mortgage Applications Survey tracks new home mortgage applications and resembles a current indicator for the U.S. housing market. The Survey increased 1.7% versus the prior week. This is essentially bullish for the U.S. housing market. MBA Mortgage Applications measures the change in the...