NEWS

Another investment firm will be entering the carbon-offset market with the likely goal of reducing timber harvests. Manulife, the largest timberland investment management organization in the world, will raise a $500 million fund for this project. Manulife already manages about 6 million acres of forestland.

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Kitchen cabinet sales are still up by 17.3% year-to-date vs. last year, although October sales were down by 6.7% vs. September.

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KCMA: October Trend of Business Report

A few of Zillow's predictions for the 2023 housing market: affordability will improve, the Midwest will become a hot market, more families and even friends will combine resources to buy homes, more new rentals will be built, and people who bought second homes during the pandemic may now become landlords.

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The November action by CITES, the Center on International Trade in Endangered Species, includes a set of new requirements for Khaya, also known as African mahogany. The changes will go into effect on February 23 and require re-export documentation to be sent from the country of origin.

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The U.S. Forest Service will form a new federal advisory board to provide input on the Northwest Forest Plan, which covers Northern California, Oregon, and Washington. Nominations for the advisory committee must be submitted by January 17. The group will consist of 20 diverse members from all three states, including scientists, organizations with an interest in the forests, and government, tribal, and public groups.

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