US apartment demand was well above average in Q1, helping to push market fundamentals back toward more typical levels, RealPage Market Analytics reported.
Wood Markets News
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.
Canadian Wood Council Releases New Environmental Product Declarations for Five Wood Products
The Canadian Wood Council unveiled five new Environmental Product Declarations for Canadian softwood lumber, OSB, plywood, trusses, and prefabricated wood I-joists, Daily Commercial News reported.
Manufactured Homes Account for 5.4% of US Housing
There are 7.2 million occupied manufactured homes in the U.S. This represents 5.4% of all occupied housing and serves as an important source of affordable housing, particularly for rural and lower-income households.
USDA Announces Reforms to Protect National Forests and Boost Timber Production
The Secretary of Agriculture issued a memo to establish an “Emergency Situation Determination” on 112,646,000 acres of National Forestry System land.