BTG Pactual TIG and Conservation International say native ecosystem restoration is underway across more than 20,000 hectares of Brazil’s Cerrado biome.
Wood Markets News
Bristol Myers Squibb Plans $2.3 Billion Modular Manufacturing Campus in Houston
Bristol Myers Squibb announced plans for aa $2.3 billion, 600,000-square-foot modular manufacturing campus in Houston.
US National Interagency Fire Center Wildfire Update for August 16
As of August 16, 80 large fires are actively burning. Year-to-date, 48,960 wildfires have burned more than 7.27 million acres nationwide.
Number of US Homebuyers Drops to Record Low in July
The number of US homebuyers fell to a record low in July, and sellers outnumbered buyers by 51.3%, Redfin reported.
US Building Material Prices Rise 5.0% Year-Over-Year in July
Building material prices rose 5.0% year-over-year in July, while softwood lumber prices jumped 17.3%, the BLS and NAHB reported.
FPInnovations Tests Drone Seeding for Wildfire Reforestation
FPInnovations is testing drone-based aerial seeding to support reforestation in wildfire-affected areas of Canada, with preliminary results due this fall.
US Mortgage Delinquencies Decline Slightly in Q2
The seasonally adjusted mortgage delinquency rate fell to 4.3% at the end of Q2, while serious delinquencies rose for a fourth straight quarter, MBA reported.
University of Michigan Releases Preliminary Results of Its Consumer Sentiment Index for August
The Index of Consumer Sentiment fell to 51.0 in August, down 7.6% from July and 12.4% from a year ago.
TLM Opens Its First Sawmill in New Albany, MS
The Lumber Manufactory (TLM) has opened its first sawmill in Mississippi, with an annual capacity of 45 MMBF.
Value of Canadian Building Permits Rises in June
The total value of Canadian building permits rose 18.5% to CA$14.9 billion in June, with residential intentions up 6.3%.