Weyerhaeuser announced it has reached an agreement to sell its lumber mill in Princeton, BC, to the Gorman Group, owners of Gorman Bros. Lumber. The purchase price is approximately Cnd$120 million, which includes Weyerhaeuser’s manufacturing facility and all associated timber license assets in BC. …Weyerhaeuser and Gorman Group have a long-standing relationship in Canada. Gorman Bros. Lumber is currently the Princeton mill’s largest customer, and Gorman Group has operated in Canada for more than 75 years, with offices and facilities in B.C. and Washington state. Devin W. Stockfish, CEO for Weyerhaeuser, said “Gorman has been a great customer and strategic partner, and we believe this will be a seamless transition.” …”Weyerhaeuser’s Princeton operation will be a natural fit with the Gorman Group,” says Nick Arkle, CEO of the Gorman Group. The transaction is subject to customary closing conditions, including regulatory review, with the sale of the mill expected to be completed in third-quarter 2025, and the forest tenures to follow over the ensuing months.
In related coverage:
- Government of BC: Minister’s statement on Gorman Group’s mill purchase
- Vancouver Sun: Gorman Group buys Princeton lumber mill from Weyerhaeuser
A German wood paneling maker plans to open a $250 million manufacturing plant in South Carolina’s rural Clarendon County. Homanit announced Wednesday it will build its first United States manufacturing facility on 140 acres near the small community of Alcolu — population 425. The company pledged to employ 300 people in the area located off Interstate 95, about 40 miles north of its intersection with I-26. “This investment marks a significant milestone for our company, and we’re proud to become part of such a vibrant and forward-looking region,” Homanit Managing Director Fritz Homann said in a statement. “The area’s skilled workforce, strategic location and strong infrastructure make Clarendon County the ideal foundation for our next phase of growth in North America.” The announcement marks the largest single investment in Clarendon County economic development history, according to Central SC Alliance President Jason Giulietti.
Tariff discussions about reducing US dependence on foreign goods became a focus for the second Trump administration. …However, the US forest products industry’s reliance on Canadian wood raises questions about eliminating Canadian wood imports entirely. This piece is the second in a two-part series by the Fastmarkets team. 
WASHINGTON, DC – Total single-family home sales are expected to close 2025 at 4.92 million units, with existing home sales accounting for 4.24 million of those units, according to the May 2025 Economic and Housing Outlook from the Fannie Mae Economic and Strategic Research (ESR) Group. Revisions to the home sales forecast were driven in part by the ESR Group’s lower expectations for mortgage rates, which it now forecasts to end 2025 and 2026 at 6.1% and 5.8%, respectively. The latest outlook also projects real gross domestic product growing at 0.7% in 2025 and 2.0% in 2026 on a Q4/Q4 basis. …We now expect the Consumer Price Index (CPI) to rise 3.5 percent Q4/Q4 in 2025, unchanged from our April forecast. Core CPI is expected to rise 3.8 percent Q4/Q4 in 2025 (down from 3.9 percent previously) and 2.6 percent in 2026 (unchanged).
Volatile lumber prices are once again rattling the U.S. housing market, squeezing builders and threatening to exacerbate an already dire affordability crisis. Softwood lumber prices in April surged 23% year-over-year, while futures rose sharply in early 2025 amid fears of increased U.S. duties and widespread sawmill closures across North America, according to the National Association of Home Builders. This has weighed heavily on major homebuilders such as Lennar, D.R. Horton and Toll Brothers, which have all seen their stocks slump this spring. …“The unpredictability of lumber prices adds serious complexity to planning and budgeting,” said Steve Martinez, of Idaho-based Tradewinds General Contracting. …Beyond homebuilding, higher lumber costs are hitting renovations, fencing and interiors. The US Forest Products annual market review found that U.S. lumber production inched up… but demand continues to outpace supply. Environmental regulations, aging forests and labor constraints compound the challenge.
The United States has officially lost its perfect credit rating. On Friday, Moody’s, for the first time in its history, downgraded U.S. government bonds from the gold star rating of “AAA” to “AA1,” the silver medal equivalent. This wasn’t a total surprise. S&P and Fitch had already lowered the U.S. rating, so this was Moody’s catching up to the crowd. But make no mistake: Moody’s didn’t just pick a random Friday in May to make this move. Moody’s wanted to send a message to Republicans in Congress: Rethink the tax bill. Or, better yet, don’t do it. …The Republicans’ bill would add at least $3.3 trillion to the debt over the next decade. …Moody’s cited concern over how big the U.S. debt already is (more than $36 trillion) and how Congress has taken almost no action to stop the annual deficits that keep adding to that tab. [to access the full story a Washington Post subscription is required]
The Producer Price Index declined 0.5% in April, according to data released Thursday by the US Bureau of Labor Statistics. However, of the 10 key commodities in the hardware and building supply space tracked below, only two (millwork and plywood) index lower compared to a year ago. And only one (plywood) declined from March to April. The softwood lumber index increased 8.6% year-over-year. A month ago, the increase was 12.6%. …Construction input prices decreased 0.1% in April compared to the previous month. Nonresidential construction input prices increased 0.2% for the month. “Construction input prices declined in April, but that was largely due to falling energy prices,” said ABC Chief Economist Anirban Basu. “Materials directly affected by tariffs saw sharp price increases for the month. Steel mill product prices, for instance, rose 5.9%, while copper wire and cable prices increased 5.0%.
Builder confidence fell sharply in May on growing uncertainties stemming from elevated interest rates, tariff concerns, building material cost uncertainty and the cloudy economic outlook. However, 90% of the responses received in May were tabulated prior to the May 12 announcement that the US and China agreed to slash tariffs for 90 days to allow trade talks to continue. Builder confidence in the market for newly built single-family homes was 34 in May, down six points from April, according to the NAHB/Wells Fargo Housing Market Index (HMI). This ties the November 2023 reading and is the lowest since the index hit 31 in December 2022. …All three of the major HMI indices posted losses in May. The HMI index gauging current sales conditions fell eight points in May to a level of 37, the component measuring sales expectations in the next six months edged one-point lower to 42 while the gauge charting traffic of prospective buyers dropped two points to 23.
While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month. The Commerce Department said housing starts shot up by 1.6 percent to an annual rate of 1.361 million in April after plummeting by 10.1 percent to a revised rate of 1.339 million in March. However, economists had expected housing starts to surge by 3.5 percent to a rate of 1.370 million from the 1.324 million originally reported for the previous month. “Soft housing starts in April are another sign that builders are hitting the brakes this year in response to high uncertainty for costs and future demand,” writes Nationwide Senior Economist Ben Ayers. …The smaller than expected rebound by housing starts came as a sharp increase by multi-family starts was partly offset by a continued slump by single-family starts.
After this year’s fires burned through the Palisades and Altadena neighborhoods, destroying over 16,000 structures, the city is reckoning with 4.5 million tons of debris, according to LAist—”the largest municipal wildfire cleanup operation in recent history.” As a result, the Army Corps of Engineers is sending trucks to 18 different regional facilities including landfills and recycling plants to manage the process of clearing out build remnants and remediating hazardous materials. Trees that appear damaged or unviable are cut down and sent to a local golf course to be mulched—a fact that doesn’t sit right with local sawmill owner Jeff Perry. In the aftermath of the Palisades and Eaton Fires, Perry teamed up with local landscape architects to create Altadena Reciprocity, an initiative that helps homeowners recycle an often-overlooked resource—neighborhood trees—into a product that residents can use for flooring, stair treads, door casings, and much more. 
As the U.S. moves towards peak fire season, U.S. Secretary of Agriculture Brooke Rollins has signed a memo signaling the Department of Agriculture’s approach to wildfire response under the Trump administration. The memo – signed on Tuesday 20 May – directs the Forest Service to take several actions over the next 30 days, including policy changes for when the nation’s fire preparedness level is high. At Preparedness Level 3 and above, Rollins directed USFS Chief Tom Schultz to “prioritize and redeploy the non-fire workforce” to support wildfire response. A Preparedness Level 3 is issued when the potential for wildland fires is normal for the time of year, according to the National Interagency Fire Center, meaning it’s likely non-fire personnel will be deployed in 2025… The directive was made just months after the department was forced to hire back all 6,000 USDA workers the Trump administration fired on Feb. 13.
In a May 13 petition, members of Congress from Northern Rockies states once again admonished the U.S. Fish and Wildlife Service for what they say is a “flawed” and “ludicrous” proposal to continue listing the grizzly bear as an endangered species. “This decision punishes Montana, Wyoming, and Idaho’s successful grizzly bear recovery efforts,” states the petition, signed by U.S. Sens. Mike Crapo, R-Idaho, James Risch, R-Idaho, and U.S. Rep. Russ Fulcher, R-Idaho. “The FWS’s ‘Grizzly Bear Recovery Program 2023 Annual Report’ shows that our states have met and far exceeded the most recent set of recovery goals that FWS set for grizzly bears. All of this collaborative work is undermined by the FWS decision to yet again move the goalpost for delisting grizzly populations.” From Greater Yellowstone to the Selkirk Mountains of North Idaho, grizzly bear habitat protections have stalled the timber industry — a pillar of the region’s economy.
Over one-third of Colorado is forested acreage — 24 million acres of the state’s 66.48 million acres — managed by a variety of local, state and federal entities. The Colorado State Forest Service and the Colorado Forest Restoration Institute, both part of Colorado State University, launched a new online tool to better track completed forest management activities in the state. The 
A tree-sit protest, which has blocked logging access to state Department of Natural Resources parcels, is now two weeks old. An injunction hearing regarding the parcels has been scheduled for 9 a.m. Friday in Clallam County Superior Court. If a 90-day injunction is issued, the tree climber will remove themselves from the tree. If the decision is not in favor of the environmentalists, the climber likely will stay up there indefinitely. “It’s going to be crunch time,” activist Peter Stedman said. The tree sit began about 5:30 a.m. May 7, when an unidentified professional tree climber attached themselves to a dunk tank platform 50 to 100 feet up in a tree. That platform was then attached to debris piled in the middle of a logging road. If the Department of Natural Resources (DNR) attempts to remove the debris to gain access to those parcels, the tree climber’s platform will drop.
The first-ever 
[Airplanes produce] a lot of emissions. In fact, the airline industry produces more greenhouse gases than many major countries. Most airlines … are pushing for cleaner fuels—and offering passengers the chance to help them offset a flight’s carbon emissions. Book a trip with a big carrier and you might be asked if you want to invest in forest preservation, saving enough trees to soak up your jet-setting’s environmental emissions. But is that really helping the planet or is it just a way for corporations to look better? A new study co-led by researchers at Boston University and the nonprofit Clean Air Task Force has found some of these efforts, known as forest carbon credit schemes, might not be doing much good. After examining the standards-governing programs … researchers recommend a series of new guidelines and improvements to “the carbon market system that would promote reliably high-quality forest carbon credits.”
Earlier this week, Clean Air Task Force (CATF), alongside a team of leading U.S. forest carbon scientists, published a deep dive into the rules that govern a wide range of forest carbon credit certifications relevant to North America. The assessment examines rules of the road for quantifying carbon credits and identifies what works well, where there are weaknesses, and opportunities for improvements to ensure that forest carbon credits achieve their promised climate benefits… CATF’s assessment scored some elements of California’s current forest protocol that lays out the requirements for carbon credit certification as robust, such as the 100-year monitoring period for stored carbon in forests, and others as weak, like the risk assessment procedure. While high-quality credits are possible under the current protocol, the bar needs to be raised to guarantee that credits are delivering on their promise.
For the past 10 years, the National Fire Protection Association (NFPA) has been working to consolidate several industry-specific standards for combustible dust. In December 2024, the NFPA completed its goal by issuing “NFPA 660–Standard for Combustible Dusts and Particulate Solids.” This new standard combines six existing standards, including NFPA 61 (agricultural dust) and NFPA 664 (wood dust), into a single standard that covers all industries where combustible dust and particulates are generated, used and handled. Building permitting authorities, code enforcers and fire agencies use the NFPA standards to establish the basis of design and operation for new and existing industrial sites, so it’s important for pellet mill owners and operators to be aware of NFPA requirements, especially for new projects and plant modifications. NFPA 660 covers both administrative and engineering requirements at facilities with combustible dust, and its goal is to minimize fires and explosions, help companies maintain business continuity, and, most importantly, protect workers and the public.