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UK Timber Shortage
The “Grown in Britain” campaign this week launched a report detailing proposals to boost Britain’s domestic forest industry. The construction industry was hoping that the report would contain suggestions for increasing the amount of British-grown timber available for new buildings, said The Economist Thursday. But the report merely suggests that there is a need for…
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US Builder Confidence : October 2013
The National Association of Home Builders/Wells Fargo housing-market index fell to 55 in October, from 57 in September, the NAHB reported Wednesday. A prior September estimate pegged the level at 58, which matched the highest reading since 2005. Results above 50 signal that builders, generally, are optimistic about sales trends. “Interest rates remain near historic…
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Oregon’s Forestry Employment
A recent report of labour trends on Oregon’s South Coast showed a rise in payroll employment across several industries, but one industry that’s seen a great rebound since the recession is the wood product manufacturing industry, said KCBY October 11. An Oregon Employment Department Report shows wood manufacturing jobs in Coos County have grown by…
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Large Timberland Sale
Molpus Woodlands Group, out of Jackson, MS, has agreed on behalf of a unidentified client to buy about 73,000 acres of timberland located around Birmingham, AL. The close of the purchase is set to occur in installments starting this month. Terms were not disclosed. Dick Molpus, president of the timberland investment management firm, says the…
