As of March 15th, 14 large new wildfires were reported during the week, 6 of which have already been 100% contained.
Wood Markets News
Western Forest Products Announces Two-Week Shutdown at Its Chemainus, BC, Sawmill
The two-week shutdown is scheduled to begin the week of March 18th, CHEK reported.
Timberlab to Build New CLT Facility in Oregon
Timberlab plans to construct and operate a new CLT manufacturing facility in Oregon.
Canadian Housing Starts Climb 14% Month-Over-Month in February
Housing starts for all areas in Canada increased 14% month-over-month to a SAAR of 253,468 units in February, the CMHC reported.
Pyramid Mountain Lumber Announces Permanent Closure of Its Seeley Lake, MT, Sawmill
Seely Lake, Montana’s Pyramid Mountain Lumber announced that it will cease operations later this spring, 8KPAX reported.
New Forestry Land-Use Agreement Taking Final Shape on Northern Vancouver Island
A major new forestry land-use agreement between First Nations, Western Forest Products, BC, and others is taking shape on Northern Vancouver Island, CHEK reported.
Commercial and Multifamily Mortgage Debt Outstanding Increases in 2023Q4
The level of commercial and multifamily mortgage debt outstanding at the end of 2023 was 2.8% higher than at the end of 2022, the MBA reported.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for March
The University of Michigan Index of Consumer Sentiment declined slightly to a reading of 76.5, down from 76.9 in February.
Eastwood Forests Purchases 20,580 Acres of Forestland in Virginia and West Virgina
Eastwood Forests recently completed its acquisition of approximately 20,580 acres of forestland in Virginia and West Virginia, adding to its Climate Smart Forestry Fund portfolio.
US Building Materials Costs in Residential Construction Continue to Trend Higher in February
The prices of goods used in residential construction, less energy, increased for the fourth consecutive month in February, the BLS and NAHB reported.