15,408 acres of Maine woodlands, from the Chadbourne Tree Farms LLC in Oxford County, has been purchased by the Conservation Fund. The tract which is primarily white pine, was assembled by the Chadbourne family over the past 150 years and includes the site of what is believed to be the first sawmill in America at South Berwick.
News
Swedish Sawmiller, Setra, Reports Full Production Levels During COVID-19 Pandemic
Setra, the Swedish sawmiller, is reporting that in spite of the continuing impact of the COVID-19 pandemic, they have been able to successfully maintain full sawmill production in 2020 and have not had to temporarily furlough any employees.
Canada Adds 953,000 Jobs in June. Unemployment falls to 12.3%
Statistics Canada is reporting that the economy added 953,000 jobs in June.
National Association of Realtors® Membership Reporting Home Sales are Slowly Recovering
According to the National Association of Realtors®, Market Recovery Survey, which was released on Thursday 7-9-20, 45% of NAR members are reporting that their markets are slowly starting to recover from the impacts of the COVID-19 pandemic.
Total Consumer Credit Declines for Second Month in a Row
According to the latest Federal Reserve’s G.19 Consumer Credit Report, which tracks consumer credit, which excludes loans secured by real estate, through May 2020, consumer credit decreased at a seasonally annual adjusted annual rate of 5.3% from the previous month.
FEA’s Weekly Order Survey Reports Dealers Remain Upbeat thanks to Continuing Positive Economic News
After late last week’s pause for the 4th of July holiday, dealers responding to this week’s survey, reported an uptick in sales and deliveries to their contractor customers jobsites.
FEA’s Weekly Orders Survey
After late last week’s pause for the 4th of July holiday, dealers responding to this week’s survey, reported an uptick in sales and deliveries to their contractor customers’ job sites.
Mortgage Rates Hit Another Record Low, in the Week Ending July 9th
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending 9th July 2020.
Weekly Jobless Claims Drop in the Week Ending July 4th
The U.S. Department of Labor is reporting that an additional 1.314 million Americans made their initial filing for unemployment benefits during the week ending on Saturday July 4th.
Canadian Housing Starts Jump 8.3% in June
The Canadian Mortgage and Housing Corporation (CMHC) is reporting that the seasonally adjusted annualized rate of housing starts in Canada rose by 8.3% to 211,681, from a revised 195,453 units in May.