Lumber prices continue to be robust two months in a row. Logs are also strong. Home values continue improving with relatively brisk sales and building. Industry manufacturing has improved. Recent trends of lumber, logs, home construction, and housing markets, are compared.
Statistics look quite good this month. Median home value continues to rise, mortgage rates have somewhat stabilized, unsold inventories of homes remain low, albeit creeping up, and housing starts and building permits remain consistently in the 1200s, which is an improvement. But lumber prices and log prices are a big story, along with real estate selling briskly in both Portland and Roseburg.
The log price is holding up at $720. The lumber price has also held for two months in a row, at $360. This is the highest price for studs since 2013, and before that, since 2005. 2013 was the year the snails-pace recovery began in earnest. One year earlier, in 2012, median home prices hit rock bottom ($151,600 in January, 2012). Housing starts moved from the 800’s in 2012 to 1000’s in 2013 and there was a feeling of optimism. During the midst of the Great Recession, mill production levels were at their lowest and the increased demand in 2013 raised the lumber prices. Once mill production increased from basement levels, in anticipation of increased housing starts, prices dropped again. Now we are entering a new cycle.
By Tony Schick OPB/EarthFix
Oregon’s Department of Environmental Quality drafted a report that identified logging as a contributor to known risks for drinking water quality in communities up and down the Oregon coast.
But the report has never been published.
It was scrapped by the agency after intense pushback and charges of anti-logging bias from the timber industry and the state’s Department of Forestry, according to interviews and public records.
Oregon’s Democratic U.S. senators have proposed a nearly doubling of the Cascade-Siskiyou National Monument as a way to better protect the unique biodiversity and habitats in the face of climate change.Sens. Jeff Merkley and Ron Wyden have proposed expanding the 16-year-old monument by more than 66,500 acres inside a new, more than 100,000-acre footprint that stretches northwest past Dead Indian Memorial Road, west to Emigrant Lake, east into Klamath County and south into California near Iron Gate Reservoir.
The 90,328 acres proposed for expansion within Oregon includes 56,245 acres of Bureau of Land Management lands, including Hyatt Lake and lands surrounding Howard Prairie Lake, as well as chunks of the upper watersheds of Jenny Creek tributaries whose lower reaches are now part of the monument.
The current monument covers about 66,000 acres within an 85,000-acre boundary inside Jackson County east of Ashland.
Source: Expansion gains momentum