The Canadian Press reported on Sunday that Canada’s record-breaking wildfire season has now seen 100,000 kilometers (38,610 square miles) of land scorched as blazes continue burn out of control across the entire country.
Wood Markets News
Fannie Mae’s Home Price Index Increases in Q2
According to Fannie Mae’s latest Home Price Index, single-family home prices increased 3.0% year-over-year in Q2. This is down from Q1’s revised annual growth rate of 4.9%. On a quarterly basis, home prices rose a seasonally adjusted 1.9% in Q2.
Oregon Dept. of Forestry’s State Forests Division Chief Discusses New Habitat Conservation and Forest Management Plan
The North Coast Citizen recently conducted an interview with Oregon’s Department of Forestry’s State Forests Division Chief Mike Wilson about the agency’s progress on a new habitat conservation and forestry management plan.
Canadian Real Estate Association Reports Homes Sales Increased 1.5% Month-Over-Month in June
The Canadian Real Estate Association reported that home sales recorded over the Canadian MLS® System posted a 1.5% increase month-over-month in June. This is a smaller increase than in April and May.
US Home Foreclosure Rates Jump in First Half of 2023
ATTOM released its Mid-Year 2023 US Foreclosure Market Report. The report shows that there was a total of 185,580 US properties with foreclosure filings in the first half of 2023. That figure is 13.0% above the same period a year ago.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for July
The Index of Consumer Sentiment rose to a reading of 72.6 in July, up from 64.4 in June. This is a month-over-month increase of 12.7% and up 41.0% year-over-year (51.5 in July 2022).
BC Dockworkers Reach Tentative Agreement With BC Maritime Employers Association
Dock workers at ports along Canada’s west coast and their employers have reached a tentative wage deal, bringing an end to a 13-day strike that disrupted trade at two of Canada’s three busiest ports.
Canfor to Resume Production at Northwood Pulp Mill in BC
Canfor Pulp Products announced on Thursday that it would resume production at its Northwood Pulp Mill, located in Prince George, BC, during the week of July 17th.
US Building Materials Costs in Residential Construction Fell in June
The prices of good used in residential construction, including energy, have decreased 3.6% over the past 12-months—the largest 12-month decline since October 2009.
World’s First Date Palm Fronds MDF Plant Being Built in Egypt
Dieffenbacher has been selected to supply the world’s first plant for the production of MDF from date palm fonds to Egypt. The HDF/MDF facility is being built in the Toshka region and is scheduled to begin production in 2025.