According to the second quarter of 2020 Federal Reserve Flow of Funds Report, the COVID-19 pandemic did not impact household’s market values. On the contrary, household market values continued to rise throughout all of Q2 of 2020.
Wood Markets News
Best Wood Schneider GmbH Releases Details on High-Tech Sawmill in Meßkirch
Best Wood Schneider GmbH with production site in southern Germany has released more details on their plans to build a state of the art, Euro 80 million sawmill in Meßkirch. The new mill will produce up to 200,000 m3 of lumber and 100,000 m3 of CLT per year.
Rayonier Reports Hurricane Damage in Louisiana and Wildfire Damage in Oregon
Rayonier is reporting that approximately 10,000 acres of their Louisiana timberland properties, sustained severe damage from Hurricane Laura, when she made landfall near Cameron Louisiana and moved inland through southwestern Louisiana.
Construction Time to Build a New Single-Family Home Increases in Latest U.S. Census Bureau Survey
The U.S. Census Bureau’s 2019 Survey of Construction (SOC) is reporting that the average time from start to completion of a single-family house was around 8.1 months.
U.S. Forest Service Announces the Re-Opening of Nine of the Eighteen Closed California National Forests in Varying Degrees
The U.S. Forest Service (USFS) announced on Saturday that they were opening 9 of the 18 California National Forests, after having shut them all down to “unprecedented’ fire dangers earlier in the month.
U.S. Retail Sales and Consumer Spending Slowed in August
According to a recent report from the U.S. Commerce Department, U.S. consumer spending slowed in August.
Adera Development Doubles Down on Building Mass Timber Homes in Vancouver
Adera Development has announced it is doubling its commitment to build mass timber homes in the Metro Vancouver market. Adera is a Vancouver-based residential and commercial developer, that is among the most active developers of mass timber homes in North America.
Western Forest Products CEO responds to Changes in the B.C. Manufacture Forest Products Regulations
Western Forest Products, President and CEO Don Demens, has responded to the British Columbia provincial government changes to the Manufacture Forest Products Regulations, which are scheduled to go into effect on September 30th, 2020.
South Korea’s Trade Commission Finalizes 10.65% Duties on Imported Plywood Products from Vietnam
Following a nine-month probe, South Korea’s Trade Commission has called for anti-dumping duties of 10.65% for five years against Vietnamese plywood products for causing damage to South Korean producers.
Mortgage Loans in Forbearance Decreases for 14th Week in a Row
The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 15 basis points from 7.16% of servicers’ portfolio volume in the prior week to 7.01% as of September 6, 2020.