VANCOUVER, BC — West Fraser Timber announced that it will record an impairment of its Lumber segment goodwill in the fourth quarter of 2025 due to persistently challenging economic conditions. The Company is also providing initial 2026 guidance for key product shipments, operational costs and capital expenditures. In Q4-2025, West Fraser expects to record an approximately $409 million non-cash impairment of goodwill as a result of the protracted downcycle that has caused management to recalibrate certain assumptions used in its annual goodwill impairment test. Adjustments to these assumptions include, but are not limited to, species-specific product pricing trends, lower demand and pricing for wood chip residuals, and the depth and duration of the current downcycle and its expected recovery. The impairment represents the entire amount of goodwill associated with the Company’s US lumber operations.
- Related by the Canadian Press: West Fraser says it will record a $409M charge due to economic conditions in Q4
A new global risk assessment is warning that no country would be more “profoundly affected” by a political upheaval in the US than Canada. Published Monday, the Eurasia Group’s “
Plywood importer InterGlobal Forest, which is seeking a rehearing of its case challenging CBP’s finding that it evaded antidumping and countervailing duties on plywood from China, 
Lumber futures slid below $530 per thousand board feet, testing the lowest levels since October 2024, as weak near-term demand collided with abundant and re-emerging supply. Homebuilding activity remains subdued and mortgage borrowing costs are still elevated, restraining new starts and repair and remodel demand, while US housing starts have softened and 30-year mortgage rates entered January little changed near the mid-6% range. At the same time structural supply pressures are returning, with several panel and OSB mills ramping up or preparing to add capacity and shifts in North American output seeing Canadian curtailments largely offset by higher production in the US South, keeping physical availability ample and capping any upside. In the meantime, inventory and futures market activity increased over the holiday period, amplifying downside moves when buyers stayed sidelined after year-end and seasonal restocking remained muted. [END]
WASHINGTON — US single-family homebuilding rebounded in October, but permits for future construction eased, signaling caution among builders as new housing inventory remains high and demand soft. Single-family housing starts, which account for the bulk of homebuilding, increased 5.4% to a seasonally adjusted annual rate of 874,000 units in October, the Commerce Department’s Census Bureau said on Friday. Starts dropped to a pace of 829,000 units in September from a 869,000-unit pace in August. The reports were delayed by the 43-day government shutdown. …Permits for future single-family homebuilding fell 0.5% to a rate of 876,000 units in October. They increased to a pace of 880,000 units in September from a 858,000-unit rate in August.
Long-term mortgage rates have been declining since mid- 2025 and ended the year at their lowest level since September 2024. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.19% in December, 5 basis points (bps) lower than November. Meanwhile, the 15-year rate declined 3 bps to 5.48%. Compared to a year ago, the 30-year rate is lower by about half a percentage point, or 53 basis points (bps). The 15-year rate is also lower by 45 bps. …Falling lower mortgage rates have started to translate into gains as existing home sales edged up slightly in November. However, this increase remains limited as mortgage rates above 6% are still considered elevated. Nonetheless, as financing costs continue decline, more households are likely to reenter the housing market. …NAHB expects the 30-year mortgage rate to average 6.17% in 2026 and would reach 6% by 2027.
Toilet paper…is typically made with trees, energy-intensive manufacturing processes and chemicals that can pollute the environment. Experts say more consumers are seeking toilet paper made from recycled content or sustainable materials, but it can be hard to know what to look for. Sustainable toilet paper often costs more, but can have significant environmental benefits. According to the Environmental Paper Network, a coalition of nonprofits, more than 1 billion gallons of water and 1.6 million trees could be saved if every American used one roll of toilet paper made from recycled content instead of a roll made from forest fibres. Increasingly, manufacturers are making toilet paper from recycled paper products … using chlorine-free bleaching techniques. …Looking for recycled content is a good place for environmentally conscious consumers to start, said Gary Bull, at the University of British Columbia. Preconsumer materials include scrap materials from manufacturing or unsold paper. Postconsumer materials come from used paper products.
…Biophilia — a concept that’s been introduced in the pages of Health & Home before — is a term coined by the sociologist Erich Fromm and later adopted by biologist Edward O. Wilson in a 1984 book of the same name. Bill Browning, co-founder of the New York City-based sustainability consulting firm Terrapin Bright Green and chair of the Biophilic Institute, defines it as the “innate affiliation of humans to other living organisms and lifelike processes.” …Browning’s firm published a paper in 2022 titled “The Nature of Wood,” which distilled the available research on why people tend to gravitate to wood as a natural material. …Browning’s company has summarized some of biophilia’s high-level takeaways in a paper called “14 Patterns of Biophilic Design: Improving Health & Well-Being in the Built Environment.” In it, they outline how light, water, airflow and even a very primal sense of safety can positively affect cognitive performance as well as our mind-body relationship.
One year after wildfires tore through neighborhoods in Los Angeles County, killing at least 31 people and destroying more than 10,000 buildings, architects and developers are rethinking what home looks like in LA, and how resilient residential architecture evolves. …So far, hundreds of new homes have been submitted for permitting, but it’s a process shaping out to be an uneven one, based on damage, insurance and wealth. Affected homeowners are grappling with the details of fire-resilient construction and landscaping techniques, along with some more fundamental questions about what their communities should look like. …These 10 projects — all in various stages of completion — showcase several of the design concepts, construction techniques and development proposals in play as LA’s post-fire rebuilding process begins. …Many forthcoming home projects emphasize the latest in wildfire-resilience features: Think noncombustible sheathing and roof materials, triple-glazed windows that can resist high heat, and defensible outdoor space.
Bamboo tissue’s green image fades once you factor in coal-powered manufacturing. Bamboo tissue paper produced in China has become a popular option for shoppers looking to reduce their environmental impact. Despite its green reputation, new research suggests these products may not deliver the climate advantages many consumers expect. In some cases, bamboo tissue may even have a greater environmental footprint than tissue made in the United States. A recent 
Between the attention on forests at COP30, emerging regulations, and many corporate pledges, 2025 was slated to be the year that companies eliminate the practice within their supply chains of clearing forests and natural landscapes for production. As the calendar has turned to 2026, the truth is that we now know that dozens of the most at-risk companies have not reached that goal – but a few market leaders are proving that cleaning up supply chains is possible. Let’s be clear: Protecting forests makes economic sense. Industries depend on the benefits that natural ecosystems provide to grow food, transport goods, and manufacture products. Harming nature poses compounding financial risks to companies and their investors. …Growing awareness of the risks of biodiversity decline and the advantages of acting quickly have spurred private sector action in recent years, and we saw more positive developments unfold last year.
When UN Spokesperson Stéphane Dujarric briefed correspondents in New York on Thursday following the release of the White House Memorandum, he insisted that the Organization will continue to carry out its mandates from Member States “with determination.” Wednesday’s memorandum states that the US administration is “ceasing participation in or funding to those entities to the extent permitted by law.” Several of the bodies listed in the memo are funded principally or partially by the regular UN budget, implying that voluntary funding will be impacted, although central funding will continue. However, the White House notes that its funding review of international organisations “remains ongoing,” and it is currently unclear what the impact of the announcement will be. Here’s a breakdown of the 31 UN entities mentioned in the memorandum, and how they are making a positive difference to people, communities and nations, worldwide.
Washington state officials admitted Jan. 6 they overstated by more than 80% how much projects funded by cap-and-trade taxes have reduced greenhouse gases. The Department of Commerce blamed data entry errors for inflating the benefits of eight grants that helped low- and moderate income households buy energy-efficient electric appliances. The state reported in November the eight grants will cut emissions by 7.5 million metric tons and accounted for 86% of all reductions over two years. The actual reduction was only 78,000 tons, according to Commerce. Commerce’s correction confirmed calculations by Washington Policy Center vice president for research Todd Myers. Earlier in the day, Myers posted online that 86% of the purported reductions were “probably fake.” …The Department of Ecology compiled and issued the faulty report. The report was a comprehensive accounting of how 37 state agencies and universities spent $1.5 billion in cap-and-trade taxes during the 2023-25 biennium, Ecology said.
A community-led survey coordinated by the Southern Environmental Law Center across parts of the southern United States has documented concerns about pollution linked to wood pellet manufacturing facilities. The survey focused on areas where residents live near large biomass plants, including a facility in Northampton County, North Carolina. Wood pellet plants process pellets that are exported overseas…where they are burned to generate electricity. While often described as a renewable energy source, the manufacturing process produces dust and emissions that residents say affect air quality and daily life. …[Survey] participants visited households near pellet plants to gather information about health concerns, environmental conditions and quality-of-life impacts associated with nearby industrial activity. According to the survey findings, residents reported respiratory problems, persistent dust, noise and increased industrial traffic. These concerns were most frequently recorded in rural communities and in areas with lower-than-average household incomes.
The U.S. Endowment for Forestry and Communities (the Endowment) has announced a new collaboration with the Georgia Institute of Technology. This partnership aims to address the far-reaching social, economic and environmental impacts of pulp and paper mill closures across the United States, particularly in the rural South, where these mills have long served as economic anchors. The Endowment and Georgia Tech’s Aerospace Systems Design Laboratory (ASDL) are developing an integrated decision-making dashboard to help policymakers, community leaders and industry stakeholders quantify the effects of mill closures and identify data-driven pathways to offset them through the sustainable use of forestry residues to produce bioenergy, renewable diesel, and sustainable aviation fuel (SAF). Over the past decade, nearly 50 paper mills have shut down nationwide, including major facilities in Georgia, South Carolina, Louisiana, Texas and Ohio.