Home prices jump higher due to stronger demand from buyers seeking more space due to coronavirus pandemic.
Wood Markets News
Townhouse Construction Declines Further in Q3 2020
Analysis provided by the National Association of Home Builders (NAHB) reveals that townhouse construction continues to decline.
The Wildfires in Oregon are Out but the Losses and Costs Continue to Mount
The Oregon timber industry is made up of small and large companies and they are still in the process of totaling up their losses from the 2020 wildfire season. No one has a real number yet, but one thing is for certain, between timber, equipment and lost jobs the losses are going to be large . . . very large.
Ireland’s Largest Pallet Manufacturer CJ Sheeran Ltd. Buys Coolrain Sawmill Ltd
CJ Sheeran Ltd has announced that they have acquired Coolrain Sawmill Ltd. The facilities are less than 10km apart from each other in County Laois, with one located in Mountrath and the other in Coolrain.
COVID-19 Pandemic Proves to be a Catalyst for Home Improvement
The COVID-19 pandemic has altered how many Americans work and go to school. Instead of large office complexes and classrooms, many Americans continue to work and receive educational instruction from their homes.
Large City Canadian Condo Owners Struggle to Sell Their Units Delaying Moves to Single-Family Home
Condo owners in Canada’s largest cities like Toronto and Vancouver are ready to pack up and move to new single-family detached homes. The current interest rates are attractive and having a back yard for the kids to play would be a real bonus.
Consumer Comfort Index Matches Early April Levels
The Bloomberg Consumer Comfort Index (BCCI), which was released on Thursday (11/19) rose 1.8 points to a reading of 49.8 last week. Not only matching a mid-September reading that was strongest since early April, but also marking three straight weeks of improvement.
Weyerhaeuser Announces Completion of Timberland Transactions
In a transaction originally reported in September 2020, Weyerhaeuser today (11/20) announced the completion of two separate transactions in which it purchased timberlands from and sold timberlands to funds managed by Hancock Natural Resources Group, a Manulife Investment Management Company.
Rule Change Opens Up Vast Stretches of National Forests to Logging in Oregon, Washington and Beyond
The U.S. Forest Service on Wednesday (11/18) finalized a rule change, to a landmark Nixon-era environmental law, that aims to open up vast stretches of national forests to increased logging in Oregon, Washington and beyond.
PotlatchDeltic Sells Last Land Holdings in Minnesota
The nonprofit Conservation Fund has just acquired 72,440 acres of land across 12 northern Minnesota counties. The land will be permanently preserved as undeveloped for wildlife habitat, public recreation and sustainable timber harvest, while also protecting water quality.