Monday edition
November 2, 2026
U.S. — FOREST SERVICE / FINAL RULE PUBLISHED NOVEMBER 2
Forest Service changes leasing rules for potential workforce housing
A Forest Service rule published November 2 removes administrative-site leases from the agency’s special-use regulations. Effective December 2, the change is intended to make redevelopment partnerships with municipalities and private developers easier to finance.
The agency says special-use terms have constrained lenders’ collateral, lease transfers and project financing. Its October 30 announcement identifies potential housing for employees and community members as one use of eligible administrative properties.
The rule changes how existing leasing authority operates; it does not create new land-sale authority. Environmental review, historic-preservation requirements, public notice and local-government consultation still apply to individual projects.
Existing authorizations may continue under their original terms or, by mutual agreement and after applicable requirements are met, be replaced with leases under the relevant statute. The announcement does not identify a new list of available housing sites.
Final rule, scope and December 2 effective date → · Original Forest Service announcement →
By the Numbers
Latest available observations as of 2026-11-02. Dates and comparison periods vary by series; monthly figures remain unchanged between releases.
| Indicator | Latest | Change |
|---|---|---|
| U.S. on-highway dieselEIA U.S. on-highway diesel; taxes included | US$6.35/galWeek of October 26, 2026; released October 27 | +US$0.08/gal +1.2%Versus October 19: US$6.28/gal |
| Lumber futuresNovember 2026 lumber futures; nearby contract | US$521.50/MBFOctober 30, 2026 close | +US$3.00/MBF +0.6%Same November contract, October 23: US$518.50/MBF |
| Madison’s lumber indexMadison’s weekly lumber index | US$459.00/MBFWeek ending October 30, 2026 | −US$36.00/MBF −7.3% (calculated)Versus week ending October 23: US$495.00/MBF |
| Hardwood lumber PPIBLS WPU0812; 1982=100; not seasonally adjusted | 285.1 index pointsSeptember 2026; released October 15 | −1.3 points −0.5%Versus August 2026: 286.4 |
| U.S. single-family housing startsCensus U.S. single-family starts; annualized estimate | 859,000 units (SAAR)September 2026; released October 20 | −41,000 units (SAAR) −4.6%Versus revised August 2026: 900,000 |
| Canadian dollarBank of Canada; Canadian dollars per U.S. dollar | C$1.40 per US$1.00Daily average, October 30, 2026 | −C$0.00 per US$1.00 −0.2%Versus October 29: C$1.40 per US$1.00 |
About these numbers
Housing starts are annualized estimates, not actual monthly units, and are subject to revision. The hardwood PPI is an index, not a dollar price. Exchange rates are daily averages. MBF means thousand board feet. The September single-family starts monthly change has a published ±10.0-percentage-point 90.0% confidence interval and is not statistically significant. Early Monday check: October 30 remains the latest completed lumber close and Canadian-dollar daily average; weekly and monthly indicators retain their dated latest releases. Display rounding follows the approved format. Changes are calculated from unrounded observations, so rounded currency levels may look unchanged even when a small movement occurred.
Sources:
EIA U.S. on-highway diesel; taxes included
November 2026 lumber futures; nearby contract
Named November contract and settlement date
Madison’s dated weekly index
BLS WPU0812; 1982=100; not seasonally adjusted
Census U.S. single-family starts; annualized estimate
Bank of Canada; Canadian dollars per U.S. dollar
Forests & Investment
INTERNATIONAL — SWEDEN / OCTOBER 30 DEMERGER PLAN
Stora Enso sets a timetable for separating its Swedish forest business
Stora Enso’s board approved a plan October 30 to separate its Swedish forest business into Bergslagets Skogar, a proposed listed company with more than 1.2 million hectares of forest land. Management will present the business at a November 3 Capital Markets Day in Stockholm.
The planned completion date is March 31, 2027, subject to shareholder approval and other conditions. An extraordinary general meeting is expected December 15; the separation has not yet been completed.
The proposed company targets average annual net standing-stock growth of 1% and a long-term annual free-cash-flow return of 2%. Its intended ordinary dividend is 80–100% of adjusted net income. These are targets and policy intentions, rather than guaranteed returns.
Stora Enso says the split would give forest management and land development their own capital-allocation focus while sharpening the remaining group’s emphasis on renewable materials and packaging.
Original board announcement, targets and conditional timetable → · Forest asset base and November 3 presentation →
Action Detector
CANADA — BRITISH COLUMBIA / NOVEMBER 24, IN PERSON
British Columbia forest-policy seminar examines what can change
The University of British Columbia will host an open, in-person forest-policy seminar November 24, from noon to 1 p.m., in CAWP 2916, the Caseroom. The October 29 notice lists no online participation option.
Forest-policy economist Harry Nelson will examine prospects for change, including how institutions mediate forest conflicts and contribute to policy gridlock. His presentation draws on research and policy-development experience, including the recently concluded independent review by the Forest Policy Advisory Council, whose report appeared in February.
The event offers discussion of the policy process affecting forest stewardship, forestry-dependent communities and workers. It is a research seminar, rather than an announcement of adopted provincial reforms.
Under the Radar
WEST — OREGON / OCTOBER 20 STUDY
Poor ocean conditions keep forest-nesting murrelet chicks exposed longer
Oregon State University research links ocean feeding conditions to the time marbled murrelet chicks spend in forest nests. Published October 20 in Ornithology, the study found chicks took an average of eight additional days to fledge during poor ocean conditions, extending exposure to nest predators.
Researchers analyzed more than 12,000 hours of video at 18 nests across two poor-ocean years and two more favorable years. Feeding visits declined in poor conditions, although larger, more energy-dense fish partly buffered the chicks’ daily energy intake.
Murrelets feed at sea but nest in mature and old-growth conifer forests, sometimes as far as 60 miles inland. Oregon State’s Jim Rivers says recovery therefore requires attention to marine feeding habitat as well as forest nesting habitat. The study reports ecological findings; it does not announce a new forest-management rule.
Original Oregon State research announcement and methods → · Original paper in Ornithology →
Today's Featured Resource
EROI of Woody Biomass Heating Fuels in New York State
This one-page PDF infographic compares energy returned from wood heating with energy used to produce and deliver the fuel. It shows how feedstock, processing, transport distance and boiler efficiency influence wood-chip and pellet heating energy returns.
Explore EROI of Woody Biomass Heating Fuels in New York State →
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