Resolute Forest Products Inc. has announced that it is temporarily laying off more than 1,000 workers, mainly in Quebec because of the COVID-19 pandemic.
Wood Markets News
Canfor to Reopen Two 2 B.C. Area Sawmills – Others Will Remain Closed for Now
Canfor has announced that it plans to reopen two B.C. area sawmills on Monday, 11th May.
Conifex Timber Announces the Extension of the Mackenzie Sawmill Temporary Production Curtailment for an Additional 4-Weeks
Conifex Timber Inc. has announced that it is extending its temporary production curtailment at its Mackenzie British Columbia sawmill.
Redwood Forest Have a Significant Role to Play in California’s Climate Change Strategy
Newly published research from Humboldt State University and the Save the Redwood League confirms the significant role that the redwood forests can play in California’s strategy to address climate change.
Pandemic Expected to Diminish 2020 Remodeling Spending in Top Metro Areas
Expenditures for home improvements to the owner-occupied housing stock are anticipated to decline in most of the nation’s largest metropolitan areas this year in response to the severe economic impacts of the COVID-19 pandemic.
U.S. Consumer Comfort Index Levels Record Smallest Decline in Six Weeks
According to Bloomberg, American consumer confidence fell for a sixth straight week.
Construction Spending in March Increases
The U.S. Census Bureau has announced that total construction spending during the month of March was estimated at a seasonally adjusted annual rate (SAAR) of $1,360.5 billion.
B.C. Provincial Government to Suspend Collection of Stumpage Fees for 3 Months
B.C. Forest Minster Doug Donaldson said on Thursday (4/30) that the provincial government will not collect stumpage fees for the next three months.
Bureau of Economic Analysis Reports Personal Income Declined 2% in March
According to data released by the BEA, personal income fell sharply in March, to a seasonally adjusted annual rate (SAAR) of $18,693 billion.
Toronto Embraces Modular Construction to Help Ease Homelessness
The City of Toronto Canada has announced that it will be moving forward with a $47.5 million (CAN) project to build 250 modular housing units.