Stalled by the COVID-19 pandemic, union forestry workers in the southeastern state of Victoria (Vic) Australia are once again back rallying to fight the proposed ban on native logging allocations scheduled to begin in 2024, with no native logging permitted by 2030.
Wood Markets News
The Share of Mortgage Loans in Forbearance Up Again in the Week Ending 22nd November 2020
The latest Mortgage Banker Association’s (MBA) Forbearance and Call Survey reports the total number of loans now in forbearance increased from 5.48% of servicers’ portfolio volume in the prior week to 5.54% as of November 22, 2020.
Weekly Jobless Claims Decline in the Week Ending 28th November 2020
The U.S. Department of Labor is reporting that an additional 712,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, November 28th. A decrease of 75,000 from the previous week’s revised level.
Job Cuts Decline for Second Straight Month in November but Remain 45.4% Above a Year Ago
According to the latest released report by Challenger, Gray & Christmas (CG&C), Inc, a global outplacement and business and executive coaching firm, U.S. based employers announced 64,797 job cuts in November.
Mortgage Rates Set Another New Record Lows in the Week Ending 3rd December 2020
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending 3rd December 2020.
Western Forest Products Adds Second Shift at B.C. Ladysmith Sawmill
Western Forest Products has announced that it intends to add a second shift at their B.C. Ladysmith Sawmill facility in February 2021.
Katahdin Forest Products Purchases Fully Functional Mill in Chester Maine
Katahdin Forest Products (KFP) is increasing its cedar production capacity after suffering a major setback in production in September, when fire destroyed one of the company’s largest sawmills.
Researchers Findings Indicate that Planting Trees and Deforestation Efforts Costs Could Quickly Accelerate
Researchers from RTI International (RTI), North Carolina State University and Ohio State University are reporting in the journal Nature Communications, published on 12-2-20, that planting trees and preventing deforestation remain key climate change mitigation strategies.
Oregon Proposes Salvage Logging and Reforestation Plan for Beachie Creek, Lionhead and Riverside Wildfires
Oregon is proposing a log salvage as well as the implementation of a reforestation plan in the areas in the Santiam State Forest that were harmed by September’s Beachie Creek, Lionshead and Riverside wildfires.
New Policies Proposed to Keep Climate Change Impacts at Bay
The Intergovernmental Panel on Climate Change has a clear message: to keep catastrophic climate change impacts at bay, we need to keep our warming below 1.5 degrees Celsius, and the land sector must play a central role in achieving that.