the lumber boom

THE LUMBER BOOM

MILLS ARE OPEN FOR BUSINESS!

• Plum Creek Timber Mill was reopened in march after being shut down for 4 years

• Its local pay role is $1.5 million and employs 30

• This is affecting home builders, home improvement retailers, truck drivers, and furniture makers

THE DETAILS • Logging employment rose 3.5% last year which was the first increase in 12 years

• In 2005 lumber was 65 billion board feet• dropped to about half in 2010• 2012 was back up to 37.5 billion• 146 lumber mills closed in 2008 and 14 of those have either reopened or announced that they are going to reopen (5 of them in the US)

THE DETAILS• Plywood prices are up 43% and lumber prices are up 64%

• Saratoga Forest Management has also reopened and now employs 80 after being closed for 10 years

• This is also bring up the price of homes-different materials are starting to rise

• It is predicted that lumber prices will rise 9% next year and 22% by 2017

TODD SCHELLING

• Worked at Plum Creek for 19 years

• Truck driver in North Dakota

• Rehired by Plum Creek as a blade sharpen

ECONOMICS: EMPLOYMENT

• The opening of these mills has created jobs for local citizens

• Logging employment rose 3.5% last year which was the first increase in 12 years

ECONOMICS: HOUSES• This is also bringing up the price of homes-different materials are starting to rise

• 2005 was a housing boom, and in 2010 there was a housing low

• Single family housing last year was 23% and is predicted to rise to 26% for 2013

VIDEO

THE GDP• The GDP will rise• With higher employment rates, consumer spending rises

• Government spending increases

• Investment rates go up

THINGS TO CONSIDER• What are other ways the economy can benefit from the opening of these mills?

• What are the pros and cons?• How do you feel about the destruction of forests?

• Do you think this event could personally effect you?

WORKS CITED • "Continue to Your Page. | BrokenControllers.com." Broken

Controllers Latest Topics RSS. N.p., n.d. Web. 06 May 2013.

• "Kingsboro Lumber Company." Kingsboro Lumber Company. N.p., n.d. Web. 06 May 2013.

• "Open BIG Neon Sign." [Open-Sign-Big]. N.p., n.d. Web. 06 May 2013.

• "Optimistic Projections – Image of the Week." Bill Frymire RSS. N.p., n.d. Web. 06 May 2013.

• "Energy Cannot Be Created nor Destroyed." Energy Cannot Be Created nor Destroyed.

• "KREX Weather." KREX. N.p., 2 May 2013. Web. 06 May 2013.