Forest sector 'poised for rebound'

Forest sector 'poised for rebound'

A report from the U.S. Census Bureau shows housing starts are up 35 percent from a year ago, reinforcing a recently released Oregon industry report that showed the forest sector is "poised to rebound."

The Census Bureau reported that September starts were at a seasonally adjusted annual rate of 872,000, 15 percent more than the revised August estimate of 758,000 and 35 percent above the number in September 2011.

"The forest sector in Oregon potentially can add thousands of new jobs if the market continues to move in the direction we see in today's numbers," Paul Barnum, executive director of the Oregon Forest Resources Institute, said Oct. 17.

Read more in today's Capitol Press.