Citing profitability concerns, Boise Cascade is curtailing lumber operations in Chapman, Alabama. In related news: Home Depot acquires design firm focused on servicing professional contractors; and Atlas Engineering reports lower Q3, 2023 earnings. On the Market front: RBC forecasts lumber prices to edge up; US new home sales fell 5.6% in October; and multifamily construction remains muddled.
In Forestry/Climate news: ENGOs sue the US National Park Service to prevent tree planting; Washington state’s cap-and-trade system is in jeopardy; US forest expert says managed forests are critical to fighting climate change; New Brunswick researchers are teaching artificial intelligence how to find wildfires faster; Australia is focused on embodied carbon emissions; and Greenpeace pans Chinese-based forest carbon offsets.
Kelly McCloskey, Tree Frog Editor