Obit: President of Pacific Wood Preserving Companies
Dick Jackson, president and CEO of Pacific Wood Preserving Companies, died after a long battle with cancer, according to the Lumber Association of California and Nevada (LACN) newsletter.
The Pacific Wood Preserving Companies are one of the largest capacity wood products companies in the country, with treating plants in Oregon, California, Nevada and Arizona, as well as a manufacturing facility in Texas. Major products include treated wood utility poles, railroad ties, crane mats, fire-retardant treated wood and preservative-treated wood for construction.
ALSC upgrades standards for another wood grade
Following its decision last January to implement new design values for visually graded No.2 and lower grades of 2×4 Southern Pine, the American Lumber Standard Committee (ALSC) has approved new standards for No.2, 2×4 Dense and NonDense grades. The new size category includes material that is 2 ins. to 4 ins. thick and 2 ins. to 4 ins. wide. The effective date is June 1, 2012.
As a point of clarification, the Southern Forest Products Association (SFPA) released the following statement: “The new design values for No.2 Dense and No.2 NonDense apply only to Southern Pine lumber,” said Cathy Kaake, senior director of engineered and framing markets for SFPA. “Mixed Southern Pine does not have published Dense and NonDense grades.”
February housing starts slip 1.1%
Commerce Department data released Tuesday morning show February housing starts were at a seasonally adjusted annual rate of 698,000.
There’s good news and bad news in Tuesday’s data.
February starts declined 1.1% compared with the upwardly revised January figure. And single-family starts declined 9.9% to a rate of 457,000. The total-starts figure fell below expectations, as analysts expected about 710,000.
The revised figure for January 2012 — 706,000 — gives that month the distinction of being the highest since October 2008.
More good news for the home-building industry lies in the year-over-year data. Compared with February 2011, total housing starts increased 34.7%. And single-family starts grew 17.8% year over year.
This good news, however, is tempered by the fact that February 2011 was one of the two worst months on record for residential construction.
Also released today, building permits in February increased 5.1% to an annual rate of 717,000.