Weyerhaeuser posts loss on weak housing market
Published: May 5, 2009
Tags: homebuilding, housing, lumber, Weyerhaeuser Co.
Mike Obel AP Manufacturing Writer New York — Weyerhaeuser Co.‘s first-quarter loss widened as a near-dormant housing market strangled sales of its lumber and panels. However, excluding costs for mill shutdowns and lower real estate values, results beat Wall Street expectations and Weyerhaeuser expected closings on homes to rise “slightly” in the second quarter, but [...]