US builder confidence declines for 11 consecutive months

The Tree Frog Forestry News
November 17, 2022
Category: Today's Takeaway

US builder confidence declined for the 11th consecutive month as housing weakness continues. In related news: US housing starts are down 4.2% in October; US forest industry prices are softening; and Canada’s Consumer Price Index rose 6.9%. In other Business news: the Port of Prince Rupert is expanding; Pivot Furniture secures Saskatchewan timber; Western Forest Products supports Search and Rescue; and Enviva recieves praise from regional forestry associations.

In Forestry/Climate news: Canada seeks nature commitments at COP27; the USDA releases survey for forest managers; BC partners with First Nations to accelerate salvage of fire-damaged trees; and an EU group says biomass energy is not renewable. Elsewhere: mass timber stories from Kelowna; Denver and Brooklyn.

Finally, Early Bird prices ends tomorrow for the BC Truck Loggers Association Convention.

Kelly McCloskey, Tree Frog Editor

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