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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 .

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THE LUMBER BOOM

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  1. THE LUMBER BOOM

  2. 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

  3. 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)

  4. 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

  5. TODD SCHELLING • Worked at Plum Creek for 19 years • Truck driver in North Dakota • Rehired by Plum Creek as a blade sharpen

  6. 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

  7. 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

  8. VIDEO

  9. THE GDP • The GDP will rise • With higher employment rates, consumer spending rises • Government spending increases • Investment rates go up

  10. 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?

  11. 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.

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