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Article: IMPACT OF WOOD PRODUCTS DECLINE FAR-REACHING
- Article from:
- US Fed News Service, Including US State News
- Article date:
- August 11, 2008
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The University of Montana issued the following news release:
Ongoing weakness in the U.S. housing industry and the longer-term issue of timber availability are plaguing Montana's wood products industry in 2008, with potential repercussions for years to come, reports a University of Montana researcher.
"Recent closures and curtailments of sawmills and plywood facilities related to the troubled housing market have hurt employment and wages in Montana's wood products industry," said Todd Morgan, director of forest industry research at UM's Bureau of Business and Economic Research. "The extent to which Montana's industry recovers when markets improve, however, will depend largely on timber ...