BC and federal officials planned to discuss support for the province’s forestry sector, The Canadian Press reported.
Wood Markets News
US National Median Rents Decline for Third Straight Month in October
US median rent fell 0.8% in October to $1,381, the third straight monthly decline, Apartment List reported.
UK’s BSW Timber Reviewing Carlisle Sawmill Operations Amid Expansion Plans
BSW Timber plans to remodel its Carlisle site into a timber processing and distribution hub, adding a new railhead and targeting a 10% rise in output next year.
Weyerhaeuser Announces Timberland Acquisitions and Divestitures
Weyerhaeuser reported $459 million in timberland acquisitions across North Carolina, Virginia, and Washington and $410 million in divestitures in Oregon, Georgia, Alabama, and Virginia.
US Mortgage Application Payment Index Falls 1.6% in September
The MBA’s Purchase Applications Payment Index fell 1.6% to 155.0 in September, marking the fourth straight month of improving affordability.
US Forest Service to Revise Northwest Forest Plan
The US Forest Service will issue a new draft of the Northwest Forest Plan next fall, restarting efforts to revise logging and conservation rules across 25 million acres, OPB reported.
EU Ambassadors Push for Broader EUDR Enforcement Delay
Most EU ambassadors want the bloc’s anti-deforestation law delayed for all companies, not just small ones, as pressure mounts ahead of a December 15 deadline, Euractiv reported.
Unlikely Alliances Form Over Pacific Northwest Owl Culling Proposal
A US plan to kill up to 450,000 barred owls to protect northern spotted owls has united timber interests and environmentalists in rare support, the LA Times reported.
Canadian Real GDP Contracts 0.3% in August
Canada’s real GDP declined 0.3% in August, offsetting July’s gain, as both goods and services sectors weakened.
US Mortgage Rates Decline for Fourth Consecutive Week
The 30-year fixed-rate mortgage averaged 6.17%, down from 6.19% the previous week, Freddie Mac reported.