As of August 23, 86 uncontained large fires are burning across the US. Year-to-date, 50,580 wildfires have burned more than 7.7 million acres.
Wood Markets News
US Imposes 50% Tariffs on Certain Canadian Products After Talks Fail
The US imposed 50% tariffs on about $20 billion of Canadian products after negotiations failed, with Canada planning retaliatory tariffs September 8.
Domtar to Indefinitely Idle Howe Sound Pulp Mill and Chipping Facility in BC
Domtar will indefinitely idle its Howe Sound pulp mill and Bayview Fibre chipping facility in BC, removing about 380,000 metric tons of NBSK pulp per year.
Wren Hill Lumber Receives $2 Million Federal Grant for Oregon Sawmill Upgrade
Wren Hill Lumber received a $2 million federal grant to upgrade its Oregon sawmill for small-log processing, Philomath News reported.
Nippon Dynawave Takes First Steps Toward Restarting Longview, WA, Mill After Explosion
Nippon Dynawave began dismantling tanks at its Longview mill as an initial step toward restarting operations, Lower Columbia Currents reported.
Canadian Industrial Product and Raw Materials Price Indices for July
The Industrial Product Price Index rose 0.6% monthly in July, while the Raw Materials Price Index fell 2.2%.
US Housing Affordability Worsens in Q2 as Mortgage Rates and Home Prices Rise
US housing affordability worsened in Q2 as higher mortgage rates and home prices pushed the share of median-family income needed to 34%, NAHB reported.
The Conference Board US Leading Economic Index Ticks Up in July
The Conference Board Leading Economic Index rose 0.2% in July to 99.5, following a revised 0.1% decline in June.
Investment in Canadian Building Construction Slips in June
Canadian building construction investment fell 0.5% to CA$23.2 billion in June but was up 5.7% year-over-year.
USITC Finds Injury From Hardwood and Decorative Plywood Imports From China, Indonesia, and Vietnam
USITC voted to impose duties on certain hardwood and decorative plywood imports while terminating investigations into two softwood plywood categories.