On Tuesday (11/3) the Forest Products association of Canada (FPAC) appeared before the House of Commons Standing Committee on Natural Resources to speak with Members of Parliament about how the forest sector workers and communities can work with the government to advance Canada’s economic recovery and help grow a lower carbon economy for the future.
Wood Markets News
Annual US Home Price Appreciation Hits Six-Year High in September
CoreLogic®, a leading global property information, analytics and data-based solution provider released on Tuesday (9/3) the CoreLogic Home Price Index (*HPI™) and HPI Forecast™ for September 2020.
ADP Reports Private Sector Employment Increased by 365,000 Jobs in October
ADP has released their National Employment Report® (NER) for October 2020. According to the report private sector employment increased by 365,000 jobs from September to October.
Mortgage Applications Increased 3.8% in Week Ending 30th October 2020
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending October 30th 2020, the Market Composite Index, a measure of mortgage loan application volume, increased 3.8% on a seasonally adjusted basis from one week earlier.
Montreal Economic Institute Economist Suggests Quebec Increase the Harvest of Provincial Forestlands
Miguel Ouellette, a Montreal Economic Institute (MEI) economist and director of operations has written an economic note titled “Quebec Forests: Rural Regions Lose Hundreds of Millions of Dollars a Year.”
Freres Lumber Begins Wildfire Timber Salvage Operations
The Labor Day wildfires in the Santiam Canyon in Oregon are just about out, but they consumed almost everything in their path. The Beachie Creek and Lionshead fires displaced more than 1,200 residents, destroyed more than 500 homes and consumed 400,000 acres of forest lands, both public and private.
Montana Sawmills Report High Demand and Higher Prices for Forest Products During Pandemic
Montana based sawmills are reporting that sawlog prices are reaching close to historic levels. F.H. Stoltze Land and Resource Manager Paul McKenzie in an interview with the Flathead Beacon newspaper said, “The product demand has increased dramatically in general forest products.”
Archie Creek Wildfire Timber Salvage Underway
In what is reminiscent of the mid to late 1980’s, log trucks and personnel carriers are running in caravans up and down the North Umpqua River corridor in Douglas County Oregon. They are not harvesting trees from the forest, but instead are working tirelessly to salvage as much wildfire damaged timber as possible.
Year-Over-Year Brazilian Exports of Wood-Based Products Increase 20.8% in September
According to the International Tropical Timber Organization the value of Brazilian exports of wood-based products (except pulp and paper) amounted to US$286 million in September 2020, an increase of 20.8% compared with September 2019 (when the value was US$236.6 million).
Australia’s Timber Industry Dealing with Short- and Long-Term Impacts of Recent Bushfires
A public hearing in Australia of the House Standing Committee on Agriculture and Water Resources was held on October 23rd with the purpose of looking into the short- and long-term impacts of the bushfires on Australia’s timber industry.