As of Monday, 46 uncontained large fires were burning across the US, with six new large fires reported. Year-to-date, 3,586,194 acres have burned.
Wood Markets News
US Remodeling Sentiment Slips in Q2
NAHB’s Remodeling Market Index slipped one point to 61 in Q2, while remodeler sentiment continued to outperform other housing sectors.
US Bureau of Land Management Timber Sales Generate $10.7 Million in Q2
BLM generated more than $10.7 million from Q2 timber sales, selling 41 million board feet across 1,500 acres in Oregon and California.
Canada Funds Eight Saskatchewan Tree-Planting Projects
Canada highlights eight Saskatchewan projects receiving CA$24.5 million to plant more than five million trees through the 2 Billion Trees program.
US Wood Pellet Exports Decline in May
US wood pellet exports totaled 879,590.7 metric tons in May, down 6% from April but up 3% from a year earlier, the USDA and Biomass Magazine reported.
Western Forest Products Extends Cowichan Bay Sawmill Curtailment Through September
Western Forest Products expects its Cowichan Bay sawmill curtailment to last until this fall, CHEK News reported.
US Existing-Home Sales Fall in June
Existing-home sales declined 2.4% in June, while year-over-year sales rose 2.8% and inventory reached 1.56 million units, NAR reported.
Extended Drought and Heat Stress Arkansas Timber Industry
Drought and heat conditions are stressing Arkansas timber stands, while dry weather has opened hardwood bottomlands to expanded logging.
Logistics Managers’ Index Shows Tight Transportation Conditions in June
The LMI showed tight transportation conditions in June, with pricing near a record high, capacity lower, and utilization at an eight-year high, FreightWaves reported.
US Mortgage Rates Move Higher in the Week Ending July 9
The 30-year fixed-rate mortgage averaged 6.49%, up from 6.43% the previous week, Freddie Mac reported.