Wood Markets News


Humboldt Sawmill Company Now Offering FSC® Certified Douglas-Fir

Traditionally known for their premium-quality redwood lumber products, including decking and timbers, Humboldt Sawmill Company also supplies Douglas-fir. The Douglas-fir produced by Humboldt comes with a particular difference — certification to the standards of the Forest Stewardship Council® (FSC® C013133).

Mortgage Rates Fall in the Week Ending November 4, 2021

Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending November 4, 2021. The PMMS reports that 30-year fixed-rate mortgage averaged 3.09% with an average 0.7 point, down from last week when it averaged 3.14%. A year ago, at this time, the 30-year FRM averaged 2.78%.

Challenger Reports U.S. Job Cuts Increased 27.5% in October

According to the latest Job Cut Report from Challenger, Gray & Christmas (CG&C) Inc., a global outplacement and business and executive coaching firm, U.S.-based employers’ announced job cuts rose by 27.5% in October to 22,822 — up from the 17,895 announced in September. This is the highest monthly total since May 2021, when 24,586 cuts were recorded.

Huuay-aht First Nations Respond to B.C. Ministry of Forests’ Proposed Old Growth Deferral Plan

The British Columbia Ministry of Forests, Lands, and Natural Resource Operations announced their proposed old growth deferral based on the advice and recommendations of the Old Growth Technical Advisory Panel (TAP) established in 2021. According to a statement, from the Huuay-aht First Nations, deferrals within their traditional territory will not be implemented without further review by the first nations.

Glennon Brothers Completes Purchases of Co Fermanagh-based Balcas

In May, Glennon Brothers announced its plans to purchase Co Fermanagh, Ireland-based Balcas from its owner SHV Energy, subject to approval from competition regulators. Those approvals have now been completed. Balcas was established in Enniskillen, Northern Ireland in 1962 and consists of two divisions, Balcas Timber and Balcas Energy. Combined, the business has a turnover of £108 million a year.