Wood Markets News


Real GDP at State-Level for Q1 2021

According to the latest U.S. Bureau of Economic Analysis (BEA), with further evaluation provide by National Association of Home Builders (NAHB), real gross domestic product (GDP) when compared to Q4 of 2020, advanced in all 50 states and the District of Columbia in Q1 2021.

CatchMark Timber Trust Inc. Sells 18,063 Acres of Oregon Forestland to Roseburg Resource Co.

CatchMark Timber Trust, Inc. announced on Thursday (6-24-21) that had entered into a definitive agreement to sell 18,063 acres of prime Oregon timberlands — known as the Bandon property — for $100 million in cash, or approximately $5,536 per acre, to Roseburg Resources Co. CatchMark purchased the property in August 2018 for $88.8 million, or $4,916 per acre, exclusive of transaction costs.