Wood Markets News

Hurricane Ida Hits the Louisiana Timber Industry

Unlike with Katrina, during Ida a lot of small, scattered trees as well as big ones went down. “Anything 15 years and up that was on commercial forest land that was planted and thinned before Ida hit, those stands have been pretty much totally devastated.”

Canadian Housing Starts Decline Month-Over-Month in August

Canada Mortgage and Housing Corp (CMHC) reported on Wednesday (9-15-21) that the annual pace of housing starts in Canada in August slowed when compared with July, as the rate of new home construction continued to decline from their highs earlier in the year. According to the CMHC, the seasonally adjusted annual rate of housing starts was 260,239 units in August, down from 270,744 in July.