Hampton Lumber announced that its Fort St. James, BC, mill will undergo a temporary curtailment for five weeks due to low log availability, Houston Today reported.
Wood Markets News
Malheur Lumber Announces Permanent Closure of Its John Day, OR, Sawmill
Malheur Lumber Company has announced it will be winding down and then permanently shutting down its operations, the Elkhorn Media Group reported.
Weyerhaeuser to Acquire 84,300 Acres in Alabama
Weyerhaeuser announced acquisitions totaling 84,300 acres of high-quality timberlands in Alabama for $244 million.
US Housing Share of GDP Remains Above 16% Despite Declines in Residential Investment
Housing’s share of the US economy stayed level at 16.1% in Q2, according to the BEA and NAHB.
Oregon Dept. of Forestry Unveils Final Operations Plans for FY2025
The Oregon Department of Forestry released its finalized Annual Operations Plans (AOP) that describe the variety of projects planned for state forests for the fiscal year 2025.
US Personal Income and Outlays for June
Personal consumption expenditures (PCE) increased $57.6 billion, or 0.3%.
University of Michigan Reports the Final Results of Its Consumer Sentiment Index for July
The University of Michigan Index of Consumer Sentiment declined to a reading of 66.4 in July, down from 68.2 in June. This is a month-over-month decline of 2.6%.
US Real GDP Increases at an Annual Rate of 2.8% in Q2, BEA Says in “Advance” Estimate
Real GDP increased at an annual rate of 2.8% in Q2, following an increase of 1.4% in Q1.
BC Wildfire Situation “Rapidly Evolving” as 430 Fires Burn
BC officials said the wildfire situation in the province is “rapidly evolving,” telling residents they may see more evacuation orders and alerts in the coming days, CBC News reported.
Delinquency Rates for Mortgages Backed by Commercial Property Decline Slightly in Q2
MBA released the results of its latest commercial real estate finance (CREF) Loan Performance Survey.