Rebound seen in forest sector

The mountain pine beetle epidemic and the U.S. housing market crash in its rearview mirror, the B.C. forest sector forestry is basking in good news and growing optimism.

The data released this week from the Standard & Poors/Case-Shiller Home Price Indices in the United States bore that out. The national, 10-city and 20-city study groups all reported big jumps in the market value of homes. Furthermore, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced on Tuesday that sales of new homes had jumped more than 20 per cent this year over last.

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