COVID-19 will impact wood products well into 2021

Magnolia Reporter — With millions of Americans already out of work and continued job losses exceeding that of the Great Recession of 2009, U.S. GDP is projected to decline by 8 percent in 2020. There are projections that it could take up to three years for the...

Housing starts slowed in March

OTTAWA, The Canadian Press— Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed by 7.3 per cent in March. The national housing agency says the seasonally adjusted annual rate of starts last month came in at 195,174 units, down from 210,574...

Forest products imports to China drop

WRI — The value of imported forest products to China dropped by 750 million dollars y-o-y during January and February 2020, with the biggest falls on the values of wood pulpand softwood lumber, reports the Wood Resource Quarterly. The coronavirus epidemic in...