NEWS

As reported in our last eNews, the U.S. Fish and Wildlife Service recently reclassified the northern long-eared bat as an endangered species. Last week, more than 20 members of Congress, including the ranking member of the House Committee on Natural Resources, officially requested that no funds be allocated to enable the reclassification of the bat from threatened to endangered.

Another investment firm will be entering the carbon-offset market with the likely goal of reducing timber harvests. Manulife, the largest timberland investment management organization in the world, will raise a $500 million fund for this project. Manulife already manages about 6 million acres of forestland.

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Kitchen cabinet sales are still up by 17.3% year-to-date vs. last year, although October sales were down by 6.7% vs. September.

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KCMA: October Trend of Business Report

A few of Zillow's predictions for the 2023 housing market: affordability will improve, the Midwest will become a hot market, more families and even friends will combine resources to buy homes, more new rentals will be built, and people who bought second homes during the pandemic may now become landlords.

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The November action by CITES, the Center on International Trade in Endangered Species, includes a set of new requirements for Khaya, also known as African mahogany. The changes will go into effect on February 23 and require re-export documentation to be sent from the country of origin.

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