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.”
Wood Markets News
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.
Smaller Multifamily Buildings Gaining Traction
The trend that favored larger multifamily unit buildings over recent years appears to be slowly changing. According to data from the Census Bureau Survey of Construction (SOC) of 2019, there was a slight increase in the number of multifamily units being built on smaller properties.
Redfin CEO Convinced Housing Market Will Stay Tight into 202
Redfin, the Seattle-based real estate brokerage firms, CEO Glenn Kelman says he is convinced that the housing market will stay tight into 2021. Kelman notes that while this is good for sellers, it is not such great news for buyers.
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.”
New Sawmill Proposed for Crockett Texas
According to sources at KTRE – Channel 9 News – in Pollock Texas – an ABC affiliate – Conroe Texas based Lincoln Lumber LLC., is planning on building a new sawmill on property they own in Crockett Texas.
Personal Income Increases in September, Following August’s -2.5% Decline
A closer look into the most recent data release from the Bureau of Economic Analysis (BEA) reveals that personal income increased to a seasonally adjusted annual rate (SAAR) of $19,804 billion in September.
U.S. Construction Spending Up in September and for the First Nine Months of 2020.
The U.S. Census Bureau has announced that total construction spending during September 2020 was estimated at a seasonally adjusted annual rate of $1,414.0 billion, 0.3% above the revised August estimate of $1,410.4 billion.