Concluding that plywood products could be dumped into local markets when existing barriers are eliminated, South Korea’s Trade Commission on Thursday (8/20) made a preliminary decision to extend the anti-dumping tariffs on plywood products from China and Malaysia for five years.
Wood Markets News
Australia’s New South Wales Brushfire Burnt Timbers Finds New Life
Thanks to support from the State of Victoria Government in Australia, millions of tons of plantation timber burnt in the NSW during the summer brushfires that would have gone to waste will now be salvaged and sold.
Spruce Beetle Outbreak in B.C.’s Prince George District is Hitting Local Forests Hard
In the Prince George District of B.C., the spruce beetle continues to wreak its havoc on the local forests.
Yukon Lumber Yards and Builders Deal with Material Shortages and Sky-High Prices
The Yukon, a territory in northwest Canada, is wild, mountainous and has a very tiny population.
FEA’s Weekly Order Survey Participants Respond Favorably to Housing Industry News
Dealers responding to the FEA Weekly Order Survey could not help but feel encouraged by the latest housing industry news. With the Census Bureau reporting that housing starts, and permits both up in July over June and year-over-year.
Finland’s Forest Industry Want to Help Maine’s Forest Industry Thrive
What do the State of Maine and the country of Finland have in common? At first you might think not much. However, there are more similarities than you may imagine.
Canadian Home Prices Rise Modestly in July
According to the Teranet-National Bank Composite House Price Index, Canadian home prices rose in July by 0.3% from June.
Mortgage Rates Creep Higher in Week Ending August 20th, 2020
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending August 20th, 2020. The PMMS shows that 30-year fixed-rate mortgage averaged 2.99% with an average 0.8 point, up from last week when it averaged 2.96%.
Southern British Columbia Wildfire Leads to Evacuation Notices
The Canadian Broadcasting Company (CBC) is reporting that hundreds of residents in British Columbia’s southern Okanagan region have forced to evacuate their home on short notices following a wildfire outbreak on Tuesday (8/18) afternoon southeast of Penticton B.C.
Weekly Jobless Claims Climb Back Over 1 Million in the Week Ending August 15th, 2020
The U.S. Department of Labor is reporting that an additional 1,106,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, August 15th.