Lumber prices have fallen 40% since May’s record highs, as US home construction moderates, and sawmills gradually increase supply. In related news: experts debate what the price decline signals for inflation; US Builder confidence falls 2 points; and a new study says the US is underbuilt by 5.5 million homes. In other Business news: North Carolina issues warning on the use of EU lumber; and Canfor announces appointment of Sandra Stuart to their Board.
In Forestry news: Caribou recovery efforts near Revelstoke BC are proving effective; and from the Ottawa Hill Times: some opining by Richard Canning (NDP), Annamie Paul (Green Party); Ian Lee (Carlton University); and Ben Parfitt (Centre for Policy Alternatives).
Finally, the 2021 BC First Nations Forestry Conference kicks-off at lunch today!
Kelly McCloskey, Tree Frog Editor