Wood Markets News

Oregon Gov. Brown Signs Into Law Private Forest Accord Package

Oregon Governor Kate Brown signed into law the bipartisan Private Forest Accord. The package is the most comprehensive update to the Forest Practices Act since 1971, establishing new protections for salmon and other sensitive species on over 10 million acres of forestland in Oregon. The proposal seeks to meet federal standards.

AD&C Loan Balances Increase in Q1 of 2022

In Q1 of 2022, residential construction loan volume reached a post-Great Recession high, as home building activity entered a new year with higher interest rates. With the single-family building markets slowing in 2022, it is expected that the volume of such loads will likely peak in the upcoming quarters.

U.S. National Interagency Fire Center Wildfire Update for May 23, 2022

The NIFC is reporting that one large new wildfire was reported on Sunday (5-22-22) in Texas. Nationally, there are now 14 large wildfires burning over 536,604 acres in seven states. Currently, there are 6,332 personnel dedicated to controlling these fires. Only 5 of the 14 wildfires are being reported as partially contained.