US housing starts fall but permits suggest rebound is coming

March 26, 2019
Category: Today's Takeaway

US single family housing starts fell more than expected in February dropping to a 1.5-year low, but permits were unchanged suggesting a rebound in coming months. In other Business news: most, but not all sawmill unions ratify Northern BC labour agreement; and Western Forest Products takes noise action at Duke Point while its Cowichan mill closes for two weeks.

Forestry/Climate researchers say: forests thrive despite climate change; humans are producing more CO2 than forests can absorb; increased cloud cover is offsetting human-caused warming; and some trees release methane while others are net absorbers. Elsewhere: ENGO’s laud BC’s anti-SLAPP legislation; California’s wildfire emergency declaration is endorsed by the LA Times; illegal logging in Russia and illegal timber imports into Oregon

Finally, a recap on Portand’s International Mass Timber Conference.

Kelly McCloskey, Tree Frog Editor

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