Wood Markets News


Black Hill Forest Logging Levels to be Reduced

In an interview held on Friday (11-5-21) with South Dakota Public Broadcasting’s daily public-affairs show, In the Moment, hosted by Lori Walsh, the leaders of the Black Hills National Forest announced that after several years of debate about sustainability in the forest, they plan to reduce logging levels.

Consumer Credit Expands in Q3 2021

On Friday (11-5-21), the Federal Reserve released their G.19 report for Q3 2021. With further analysis provided by the National Association of Home Builder (NAHB), the report shows that non-real estate-secured consumer credit increased at a seasonally adjusted annual rate (SAAR) of 5.6% in Q3 of 2021, with revolving debt increasing by 7.4% and nonrevolving debt increasing by 5.1%.

Higher Mortgage Rates and Tight Supply of Homes For Sale Increase Buyer Urgency

According to the latest report from Redfin, the technology-powered real estate brokerage firm, home prices moved unseasonably higher and quicker sales became more common in October. In the 4-week period ending October 31, the national median sale price increased 13% year-over-year to $357,007 and 1.5% from just 3-weeks earlier. This is compared to a 0.1% increase during the same time period in 2019.

U.S. Establishes Forest Investors Club at COP26 During Forest Day Session

During the World Leaders Summit’s Forest Day Session at COP26 on Tuesday, November 2, 2021, the United States launched the Forest Investors Club. The Forest Investor Club is a network of leading public and private financial institutions and other investors who aim to unlock and scale up investments that support climate-aligned outcomes in the land sector.