New single-family home sales posted a second monthly decline in February as housing demand was affected by a jump in mortgage rates. After starting at 3.1% in December, rates increased to 3.45% in January and 3.76% in February, per Freddie Mac. Additionally, builders continue to grapple with supply-chain issues, limiting inventory in a market for
An audit of Taan Forest Limited Partnership’s tree farm licence 60 and Taan Forest Ltd.’s forest licence A87661 on Haida Gwaii has found the company complied with almost all requirements of the Forest and Range Practices Act (FRPA) and the Wildfire Act. The audit examined forestry activities carried out between September 2019 and September 2021.
Domain Capital Group, LLC, a comprehensive private investment management services firm, today announced its subsidiary, Domain Timber Advisors, LLC, finalized the purchase of 1,672 acres of timberland in west Georgia, expanding the firms’ Southeast timber portfolio. The purchase includes two tracts of abundant timberland — called “Whitewater Creek” in Heard and Troup counties — within
The Indigenous Resource Network, a non-partisan platform for Indigenous workers and business owners involved in resource development, commissioned a poll by Environics Research to gauge Indigenous support for forestry and other resource development activities. A total of 510 self-identified First Nations, Métis and Inuit persons living in rural areas or on reserve across Canada (excluding
Structurlam Mass Timber Corporation, a leading mass timber manufacturer in North America, has welcomed Jason Trenn as the company’s new vice-president of manufacturing and operations for its new production facility in Conway, Ark. Trenn brings an extensive background in forestry to Structurlam, with over 20 years of experience at Canfor, Weldwood, West Fraser, Tembec and
Ontario will soon be facing an unprecedented demand for new electricity supply as some of the nuclear plants, a major supplier of Ontario’s electricity, are taken out of service. Currently, the Northwest will also be short of power as a number of new mines connect to the provincial grid. The current shift to green power
Central European roundwood markets are at a turning point. Over the past four years, forests have suffered extensive damage from a spruce bark beetle outbreak in much of the region, leading to temporary increases in harvesting, lumber production, and log exportation. The infestation in the Czech Republic and Germany has resulted in record-high timber harvests
