Plummeting lumber futures and production curtailments signal a housing slowdown, despite builders’ push to keep building. Here are the COVID-19 headlines:
- Weyerhaeuser to curtail production, reduce capital expenditures
- LP to reduce production in April and optimize working capital
- Kruger Specialty Papers curtails its Brompton, Quebec mill
- Lumber markets hint at housing slowdow (Wall Street Journal)
- Home sales had been healthy before the virus outbreak (NAHB)
- Tampa Bay Times reduces print editions, furloughs 50 employees
- Important forest products will continue to roll out of Idaho
- Interior design lessons from virus’s viability on materials
- Five more forestry events announce plans for the future
In other news: HDR selected to design Kelowna’s first 12-storey mass timber tower; new research on how forests are coping with climate change (in the short term); and a raging forest fire in China has claimed 19 lives.
Finally, how are you managing to keep working? Our readers want to know.
Kelly McCloskey, Tree Frog Editor