News Releases

MMPA Announces 2016 Fall Plant Tours

This fall the MMPA will convene in Oregon for the Fall Plant Tours. The event will be held at the Brasada Ranch located in Powell Butte, south of our main member tour host, Bright Wood Corp. headquartered in Madras. The 2016 program will take place September 11-14th and will travel from Powell Butte to Madras to Warm Springs and on to Corvallis, Oregon. Peer learning intermixed with peer networking ensures the Fall Plant Tours program is a key event for plant and mid-level management to attend.

Plants on the tour: Bright Wood Corp.; Warm Springs Composite Products; Keith Manufacturing; and Oregon State University's Wood Sciences and Engineering departments.

Education will encompass: Productivity Information Exchange (PIE); Forestry and Wood Sciences Outlook; HR—Tripping in the New Workplace: From Millenials to Medical Leave to Marijuana; and a Trends in Technology Panel.

Optional Activities: SUNDAY - Fly Casting Tournament and Golf Outing; MONDAY - Foosball Tourney, Hoops Shoot; TUESDAY - Microbrewery Tasting.

To register, send a request to or visit the Events page at

7/11/2016 12:43:29 PM

Black Knight: "425,000 Borrowers Out from Underwater on Mortgages" in Q1

by Bill McBride on 7/11/2016

Black Knight Financial Services (BKFS) released their Mortgage Monitor report for May today. According to BKFS, 4.25% of mortgages were delinquent in May, down from 4.91% in May 2015. BKFS also reported that 1.13% of mortgages were in the foreclosure process, down from 1.59% a year ago.

This gives a total of 5.38% delinquent or in foreclosure.

Press Release: Black Knight’s Mortgage Monitor: Tappable Equity Rose by $260 Billion in Q1 2016, 425,000 Borrowers Out from Underwater on Mortgages

Today, the Data & Analytics division of Black Knight Financial Services, Inc. released its latest Mortgage Monitor Report, based on data as of the end of May 2016. This month, the Mortgage Monitor leveraged data from the Black Knight Home Price Index to revisit the U.S. equity landscape in light of 48 consecutive months of annual home price appreciation (HPA). As Black Knight Data & Analytics Executive Vice President Ben Graboske explained, the impact can be observed in terms of both levels of tappable equity available to borrowers as well as the continuing reduction in the number of borrowers who owe more than their homes are worth.



7/11/2016 12:16:08 PM

2016 Home sales will be best in a decade, with surprising hot spots, predicts


December 2, 2015

Total homes sales next year are expected to reach the highest levels since 2006 on the back of new construction and the existing housing market, reported Wednesday.

The report contains several surprises. Among them, Providence, Rhode Island, ranked as the hottest market for 2016, and millennials are expected to make up the biggest demographic of homebuyers next year.

Sales of existing and new home sales are expected to reach 6 million for the first time since 2006. The pace of growth of existing home sales and prices is expected to slow to 3 percent but remain strong overall. Meanwhile, new home sales are seen increasing 16 percent. anticipates new home starts will increase by 12 percent.

And those new homes are becoming more affordable, Chief Economist Jonathan Smoke said Wednesday.

“What you’ve seen in the last couple of years is that builders have been avoiding that more affordable entry-level price point,” he told CNBC’s “Squawk Box.”



12/11/2015 11:58:57 AM

Sierra Pacific's Dan Wolter Named New Structural Lumber Sales Manager


Dan Wolter was just named Sierra Pacific Industries' (SPI) new structural lumber sales manager. Previously, he was the company’s millwork sales manager, but assumed his new position recently. In conjunction with this move, James Danielsen will lead SPI’s combined specialty lumber and millwork sales. Wolter and Danielsen will report to Aaron Sulzer, vice president of sales and marketing.

These changes come as Terry Kuehl has announced that he will retire at the end of 2015 as the head of the specialty lumber sales group. Kuehl joined Sierra Pacific Industries in 1979, and he was instrumental in developing SPI’s home center business.

12/1/2015 1:39:18 PM

MMPA announces spring meeting destination

Mark Your Calendar!

The MMPA will stage its spring business meeting at the Marriott Key West Beachside Hotel in Key West, Florida. The program will run from April 4-8, 2016. Registration is slated to open in early January. The tentative agenda with education components will be released in late November.

Key West in April is high season for the area. The MMPA has reserved a limited number of discounted rooms for the business meeting. Those attendees desiring to reserve their room in advance, may follow this link to secure a reservation:



10/30/2015 4:13:02 PM

Pending home sales down 2.3% in September


Signed contracts to buy existing homes dropped 2.3 percent in September from August and were just 3 percent higher than one year ago, according to the National Association of Realtors.

The August read of the Realtors' Pending Home Sales Index was revised down slightly. Analysts had expected a slight gain for the month. This is the second-straight monthly drop and is the second-lowest reading of the year. Pending sales are a forward-looking indicator of closed sales for the next two months.


10/30/2015 4:07:08 PM

Stock volatility could further weaken housing demand


Consumer confidence in housing has been on the rise all year, thanks to increasing home values and a strengthening job market. That confidence, however, may be taking a hard hit from swings in the U.S. stock market, volatility in overseas economies and uncertainty over interest rates.

"Between Greek default, war, plummeting oil prices and most recently fears of Chinese slowdown, it's been a volatile summer. Like swimming with a bully in the pool, it seems like every time the market comes up for air, something comes along and pushes it right back down again," said Zillow's chief economist, Svenja Gudell.

Higher home prices are taking their toll on potential buyers. Consumer demand for housing fell for the fourth straight month, according to Redfin, a real estate brokerage. Its monthly demand index dropped 5 percent in July from June, but is still 9 percent higher than one year ago.  

8/28/2015 4:22:08 PM

How does California choose between a water reliability crisis and a housing affordability crisis?



Builder Online


A four-year long drought parches the land. Mother Nature pits farmer against farmer, money against those without it, and power against the dispossessed. That's, of course, wildly over-simplistic. The worsening crisis, without doubt, has surfaced untold cases of human nobility, of resilience, of unhesitant generosity, one person to another, and has stirred that most democratic of processes, chaotic political debate, a valiant lurch toward a "right solution" when many divergent interests seek it.


In San Diego next week, as part of the Pacific Coast Builders Conference, California Building Industry Association ceo and president Dave Cogdill will host an afternoon "Water Forum," which is likely to be one of the more animated PCBC sessions. It takes place on Wednesday, June 24, in Ballroom 20D, at the San Diego Convention Center. Our friends, Jacob Atalla, Vice President, Sustainability Initiatives at KB Home, and Don Hofer, Vice President of Community and Land Development at Shea Homes, will address "Delivering Solutions in Real Time: Innovations in Water-Efficient Landscaping and Water-Use," as part of the two-and-a-half hour conversation.

6/19/2015 3:45:30 PM

Benchmarking Report Available




WOOD MARKETS  7th Edition 

Global Timber / Sawmill / Lumber Cost Benchmarking Report


Features Costs & Revenues:
2014 annual & 2015/Q1


Special subscription prices available  

SAVE $1,000+ on this benchmarking report - but only until June 30th, 2015. Normal subscription prices apply after this date.


Four reasons why you should consider a subscription to our newest edition of this strategic report:


1. Special, exclusive rates if your order and payment is received by June 30th; regular prices are in effect starting in July.




2. Market conditions, as well as timber and log prices, continue to gyrate (Q1/2015 is particularly volatile in terms of prices and currencies!), with some regions seeing short-term declines, while other areas are facing rising log costs against lower lumber prices. It continues to be important to understand the differences between competing regions and incorporate this analysis into your business planning and operational strategies! From our preliminary cost and research information, we already know which regions have the lowest costs and/or greatest margin potential for adding incremental lumber capacity and which regions should be slower to start up in both North America and Europe (we also know there are many reasons why capacity start-ups or curtailments do not happen in any logical manner). For these reasons alone, you should consider a subscription renewal.


3. We are also offering a special purchasing opportunity for those who only need specific geographical regions or continents. You may order the report for one of three regions (this is outlined in the brochure on the last page) at an even lower price:

  • North America only
  • Europe/Russia only
  • Southern Hemisphere/China only

4. From the benchmarking results, it will also be easy to see how trade flows can occur, such as which European regions will be the most competitive in selling into the U.S. east coast market as prices move higher. Or how competitive Russian lumber flows are with China. It continues to be important to understand the competiveness between regions and the potential margins offered by export markets (also China, Middle East, North Africa, Japan, etc.). The costs and revenues in the benchmarking report can indicate where trade in global lumber can occur as log and lumber prices change. This report will assist strategic planners and marketing managers to better understand what will be a key question in 2015 and 2016: at what relative price points will the U.S. market see increases in European lumber and which countries are best positioned or most competitive to sell to the U.S. market?


Scheduled for release in early August 2015.






If you have any advance questions on the contents or the format of the 2015 Benchmarking Report itself, please feel to contact Russ Taylor at or +1-604-801-5996. 




Full brochure and pricing information MailFilterGateway has detected a possible fraud attempt from "" claiming to be


6/17/2015 6:00:14 PM

Builders remain careful



Builders' confidence hesitated slightly in May as the NAHB/Wells Fargo Housing Market Index dropped two points to 54. The April-May average remains at the same level as the first quarter average suggesting nothing has changed significantly for the first five months of 2015. Builders continue to express concern that consumers remain tentative on their judgement of present and future economic conditions. Consumers demand prices below costs and are concerned about selling their existing home. First-time buyers still constitute about half their normal share of new home purchases.


On the more positive side, the component measuring future demand rose one point to 64, the highest in 2015 as builders do continue to see a better future. Low rates and pent up demand support the attitude. Inventories of new homes have risen since the bottom in mid-2012 and stand at their highest level since spring 2010. The index component measuring current sales dropped two point to 59 but remained well above the tipping point of 50.

5/20/2015 1:41:58 PM

FNC: Residential property values increased 4.6% year-over-year in March


Calculated Risk 

Posted: 5/11/2015 1:31:00 PM

In addition to Case-Shiller, and CoreLogic, I'm also watching the FNC, Zillow and several other house price indexes.

FNC released their March 2015 index data today.  FNC reported that their Residential Price Index? (RPI) indicates that U.S. residential property values increased 0.9% from February to March (Composite 100 index, not seasonally adjusted). 

The 10 city MSA increased 0.6% in March, and the 20-MSA and 30-MSA RPIs both increased by about 0.9% in March. These indexes are not seasonally adjusted (NSA), and are for non-distressed home sales (excluding foreclosure auction sales, REO sales, and short sales).

Notes: In addition to the composite indexes, FNC presents price indexes for 30 MSAs. FNC also provides seasonally adjusted data.

The year-over-year (YoY) change was slightly higher in March than in February, with the 100-MSA composite up 4.6% compared to March 2014. For FNC, the YoY increase had been slowing since peaking in March at 9.0%, but had held steady for the last few months.

The index is still down 18.6% from the peak in 2006 (not inflation adjusted).

Click on graph for larger image.

This graph shows the year-over-year change based on the FNC index (four composites) through March 2015. The FNC indexes are hedonic price indexes using a blend of sold homes and real-time appraisals.

Most of the other indexes are also showing the year-over-year change mostly steady at around 5% for the last several months.

Note: The March Case-Shiller index will be released on Tuesday, May 26th.Web Bug from http:


5/11/2015 12:22:38 PM

Sluggish housing starts may signal fewer home sales

Los Angeles Times


Home builders are taking it slow this spring, according to new figures on housing construction.
Permits for new construction fell 5.7% in March compared to last month, the Commerce Department reported. Housing starts -- when construction actually begins -- climbed 2% off last month's sharp decline, but came in well below analyst expectations.
The often-volatile numbers were dragged down by a decline in multifamily construction, a sign that the apartment building boom of the last couple of years may be cooling off. Starts for buildings with five or more units fell 7.1% from February, while permits, a sign of construction to come, were down 16%.

4/17/2015 6:13:42 PM

Califormia's housing costs hurt economy, increase poverty, report finds


Wall Street Journal


California’s high housing costs are crimping economic productivity, increasing poverty rates, lowering homeownership, increasing crowding and lengthening commute times, a new state report says.
California has some of the most expensive housing markets in the U.S.—a result of the slow pace of development in high-demand coastal cities. The average home price in California, $440,000, is about 2½ times the national average, while California’s average monthly rent, $1,240, is about 50% higher than the average U.S. rent, according to a report released Tuesday by the state legislature’s independent analyst.


3/20/2015 1:05:41 PM

2015 Random Lengths Big Book, Yearbook available

The latest editions of Big Book and Yearbook are now available. The Big Book is the largest directory of the North American softwood industry. The Yearbook is the most in depth source of historical market information. Both are being published by Random Lengths Publications, Inc. For more information on both books, as well as purchasing information, Click Here

2/19/2015 5:52:39 PM

Housing market starts 2015 on several weak notes


Housing Wire


Despite optimism in most forecasts, it looks like 2015 is off to a faltering start for the housing industry.
January was a bad month for housing starts, completions and permits, reflecting perhaps the reason for homebuilder confidence to likewise be down for February.
Single-family authorizations in January were at a rate of 654,000; this is 3.1% below the revised December figure of 675,000.
Single-family housing starts in January were at a rate of 678,000; this is 6.7% below the revised December figure of 727,000.


2/19/2015 12:32:46 PM

Strong U.S. housing data offsets sharp fall in factory orders



Economy Watch


A new report by CoreLogic shows that home prices rose 5% on a year-over-year basis in December 2014, with only three states—Maryland, Vermont, and Connecticut—seeing price declines. At the same time, Colorado, Texas, and New York were seeing the highest price gains.
While the gains are still strong, CoreLogic noted a moderation of price growth in its report, which it identifies as a positive sign of a more sustainable housing market, with less speculative construction and flipping.
In most states, price growth moderated on a year-over-year basis in 2014, with the hardest hit states during the global financial crisis seeing a sharp slowdown in price growth.