The Oregon Board of Forestry, on Tuesday (10/6), approved a 70-year proposed Western Oregon Habitat Conservation Plan. Analysis of the plan by the Oregon Department of Forestry reports that the plan would provide long-term protections and conservation plans for endangered species and secure forest management practices.
Wood Markets News
Alberta Announces Five-Way Plan to Increase existing Forestlands Usage
Alberta has announced a five-way plan to increase by 13% the usage of existing forestlands.
Census Bureau Reports the Number of Completed Modular and Panelized Single-Family Homes Drop in 2019
According to data from the latest Census Bureau Survey of Construction data, with analysis provided by the National Association of Home Builders (NAHB) the total market share of offsite built single-family homes (modular and panelized) dropped to 3% of single-family completions in 2019.
The Fed Reports Consumer Credit Drops in August
The latest G-19 Consumer Credit Reports from the Federal Reserve covers consumer credit, excluding loans secured by real estate, the end of August 2020. According to the report consumer credit decreased at a seasonally adjust annual rate (SAAR) of 2% from July.
FEA’s Weekly Order Survey Participants Views Vary from Region to Region
Dealers who responded to FEA’s Weekly Order Survey continue to take a highly regionalized view of their markets. Again, this week, some builders and their supporting dealers are reporting flat to a modest uptick in sales activity.
Canadian Contractors and Loggers are Plan to Reduce New Equipment Purchases Over the Next 2 Years
A survey conducted in April and May 2020 by independent research firm Bramm & Associated, regarding the number of Canadian contractors and loggers considering replacement of equipment in their operating fleet revealed some interesting insights.
U.S. Trade Representative Announces Investigations into Vietnam’s Use of Timber and Currency Undervaluation
The office of the U.S. Trade Representative has announced that they are commencing two investigations under Section 301 of the 1974 Trade Act. One investigation will explore Vietnam’s trade policies related to the import and use of timber.
Weekly Jobless Claims Decline for the Week Ending October 3rd, 2020
The U.S. Department of Labor is reporting that an additional 840,000 Americans made their initial filing for unemployment benefits during […]
Canadian Housing Starts Up Modestly in September
According to the latest report from the Canada Mortgage and Housing Corporation (CMHC) the trend, which measures a six-month moving average of the monthly seasonally adjusted rate of housing starts, was 214,647 units in September, up from 212,609 units in August 2020.
Mortgage Rates Fractionally Lower in Week Ending October 8th, 2020
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending October 8th, 2020. The PMMS shows that 30-year fixed-rate mortgage averaged 2.87% with an average 0.8 point, slightly down from last week when it averaged 2.88%.