The Western Forest will see 20 million trees set to be planted across the West of England in the coming decades, creating at least 2,500 hectares of new woodland.
Wood Markets News
Oregon Forestry Department Sends Firefighters to Help Fight North Carolina Wildfires
ODF reported that it had filled an order to send 26 firefighters and two agency representatives to North Carolina to assist in fighting numerous wildfires in the state.
BC to Support Three Revelstoke Lumber Enterprises to Boost Sustainable Innovation
BC will provide CA$1.23 million to three lumber enterprises to boost sustainable innovation and steer logging away from old-growth sites, Lake Country Calendar reported.
US Remodeling Market Continues to Grow as Homes Age
A new report by the Harvard Joint Center for Housing Studies says the strength of the remodeling market has been supported by aging homes and households, as well as record-high property values.
US Residential Construction Loan Volume Falls in Q4
The total volume of AD&C loans outstanding from FDIC-insured institutions fell 1.02% to $490.7 billion, the third straight quarterly decline, NAHB reported.
China’s Struggling Real Estate Market Moves Closer to Stabilizing
UBS analysts are the latest to raise expectations that China’s struggling real estate market is close to stabilizing, CNBC reported.
Canadian Industrial Product and Raw Materials Price Indices for February
Lumber and other wood product prices declined 1.2%, following six consecutive monthly increases. Softwood lumber was down 3.4%.
US Existing-Home Sales Rise 4.2% in February
Existing-home sales increased 4.2% to a seasonally adjusted annual rate of 4.26 million in February, NAR reported.
US Mortgage Rates Inch Higher in the Week Ending March 20
The 30-year fixed-rate mortgage averaged 6.67%, up from last week when it averaged 6.65%, Freddie Mac reported.
The Conference Board US Leading Economic Index Continues to Move Lower in February
The Conference Board Leading Economic Index declined 0.3% to a reading of 101.1 in February, after a revised decline of 0.2% in January.