Analysis from FEA’s Brendan Lowney: “New Tariffs Will Have Massive Effects on the US Economy; North American Wood Products Sector Will See Few Direct Effects”
Wood Markets News
Arbitrator Rules on New Contract Between CN and the Teamsters Canada Rail Conference
An arbitrator released his decision on a three-year contract between the Teamster Canada Rail Conference and CN, which runs from January 2024 to December 2026, FreightWaves reported.
MBA Mortgage Credit Availability Index Increases for Fourth Consecutive Month in March
The MBA Mortgage Credit Availability Index (MCAI) rose 2.5%, reaching a reading of 102.9 in March.
As More US Multifamily Units Are Absorbed, Rental Market Fundamentals Stabilize
US apartment demand was well above average in Q1, helping to push market fundamentals back toward more typical levels, RealPage Market Analytics reported.
NFIB Small Business Optimism Index Retreats for Third Consecutive Month in March
The NFIB Small Business Optimism Index declined 3.3 points to 97.4 in March, slipping just below the 51-year average of 98.
US Dept. of Commerce Releases Preliminary Determinations in Sixth Administrative Review of Canadian Softwood Lumber Products
The preliminary determinations do not have any impact on current duties or cash deposit rates.
EFM Purchases 68,000 Acres on the North Olympic Peninsula From Rayonier
EFM has finalized the purchase of 68,000 acres in Washington, with plans of managing the forests through climate-smart practices, the Peninsula Daily News reported.
Patterson Lumber Co. to Close Its Galeton, PA, Sawmill After 75 Years
Patterson Lumber is closing its hardwood sawmill in Galeton, Pennsylvania, the Wellsboro Gazette reported.
Wildfires in Scotland Strain Fire Service Budgets
Firefighters in Scotland are continuing to tackle a wildfire that has spread over a large area of forest in Scotland, The Guardian reported.
BC Announces Actions to Reduce Wildfire Risk and Enhance Forest Stewardship
BC aims to ensure long-term sustainability and good-paying jobs by enlisting BC Timber Sales to play a larger role in reducing wildfire risk and enhancing forest and community resilience.