More than 545,000 acres of Washington forests managed by the DNR are dead or dying as drought, storms, and funding cuts compound forest health challenges, KING5 reported.
Wood Markets News
Brazilian Exports of Wood-Based Products Fall in September
Brazilian exports of wood-based products totaled $217.8 million in September, down 31.0% from a year earlier, the ITTO reported.
Russia’s Sveza Group Expands Shipments Via Northern Sea Route
Sveza increased shipments via the Northern Sea Route by 73% between January and September, integrating the route as a key logistics corridor.
US Housing Market Cools Despite Lower Mortgage Rates
US homes stayed on the market longer in October despite lower mortgage rates, as inventory rose for the 24th straight month, Realtor.com reported.
BlueLinx Acquires Oregon-Based Disdero Lumber
BlueLinx acquired Oregon-based Disdero Lumber for $96 million, expanding its specialty wood offerings and presence across the Pacific Northwest.
Canadian and BC Officials to Meet in Vancouver for Forestry Summit
BC and federal officials planned to discuss support for the province’s forestry sector, The Canadian Press reported.
US National Median Rents Decline for Third Straight Month in October
US median rent fell 0.8% in October to $1,381, the third straight monthly decline, Apartment List reported.
UK’s BSW Timber Reviewing Carlisle Sawmill Operations Amid Expansion Plans
BSW Timber plans to remodel its Carlisle site into a timber processing and distribution hub, adding a new railhead and targeting a 10% rise in output next year.
Weyerhaeuser Announces Timberland Acquisitions and Divestitures
Weyerhaeuser reported $459 million in timberland acquisitions across North Carolina, Virginia, and Washington and $410 million in divestitures in Oregon, Georgia, Alabama, and Virginia.
US Mortgage Application Payment Index Falls 1.6% in September
The MBA’s Purchase Applications Payment Index fell 1.6% to 155.0 in September, marking the fourth straight month of improving affordability.