News & Updates
Pardee Resources Sells West Virginia Sawmill To Hamer Company
Pardee Resources has sold a sawmill in West Virginia to the Jim C. Hamer Company. Philadelphia-based Pardee announced the recent closure of the sale on Wednesday in a news release. Terms of the deal weren’t…
U.S. Construction Spending Rises Solidly To Near 8-Year High
U.S. construction spending rose more than expected in October as outlays rose across the board, suggesting the economy remains on firmer ground despite some slowing in consumer spending and persistent weakness in manufacturing. Construction spending…
Stable 2016 Outlook For Global Paper And Forest Products Sector
Increasing housing starts and higher consumer spending will drive anticipated operating income growth for the global paper and forest products industry of 1%-3% in 2016, underpinning the current stable outlook for the sector for the…
Will New York Embrace The Wood Building Movement?
In some ways, a wooden condominium tower planned for Chelsea has roots in an 18th-century barn. Chris Sharples, a principal at SHoP Architects, remembers the barn as one of his first encounters with architecture, at…
Resolute Forest Products Halts Canadian Timber Operation
High fiber costs and low market values have forced Resolute Forest Products to suspend indefinitely its wood-cutting operations in Quebec’s Mauricie region near Trois-Rivieres. The suspension, which took effect November 27, affects at least 180…
Montana Timber Industry Facing Increasingly Tough Times
At Sun Mountain Lumber in Deer Lodge, about 50 of its 160-person workforce got pink slips this fall – but owner Sherm Anderson says the sawmill and timber company is still losing money. “We laid…
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