Farmland, News Desk

Housing Rebound Revives Timber Industry

A depleted housing supply coupled with resurgent consumer demand has brought economic vitality to US and Canadian forests. Thanks to a 40 percent rise in lumber prices, furloughed lumberjacks are being rehired and shuttered sawmills are coming back on line. “It’s a combination of new housing and repairs and remodels,” said Mark Pawlicki of Sierra Pacific Industries in an interview with the Los Angeles Times. California-based Sierra Pacific is a third-generation forest products company that is owned by the Emmerson Family, which ranked third on the 2012 Land Report 100 with holdings of 1.84 million acres. “The low interest rates for housing are helping. We are seeing an uptick in demand for windows, a lot of which go into remodels of homes,” said Pawlicki.

Read more HERE.

READ MORE
Please sign me up to receive breaking news and updates from The Land Report:
Print & Gift
Subscriptions Available

RELATED ARTICLES

News Desk

Colorado River Waters to be Rationed?

To help the drought-stricken Colorado River basin, federal authorities plan to reduce water flow into …

Landowners

Amazon Founder Bezos Shoots for the Stars

Amazon.com founder Jeff Bezos, whose 290,000 acres ranks No. 27 on the 2010 Land Report …

Farmland

Stable Farmland Values Trump Falling Commodity Prices

Year-over-year farmland values in the Corn Belt are holding steady; however, in the most recent …