TECO Gold Sponsor of Panel World Conference & Expo
TECO is proud to be one of several companies that have signed on as sponsors of the Panel World Panel & Engineered Lumber International Conference & Expo, being held at the Omni Hotel at CNN Center in Atlanta, GA, Feb. 7-9, 2008. TECO's annual client Industry Advisory Council (IAC) meeting will be held in conjunction with the Panel World conference, on February 7 from 2-5 pm. TECO clients and industry guests are welcome to attend our IAC meeting by sending an email to contact@tecotested.com.
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Biloxi, MS
November 13-15, 2007
Atlanta, GA
February 7-9, 2008
Orlando, FL
February 13-16, 2008
San Antonio, TX
April 30-May 1, 2008
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QUOTE OF THE MONTH
"Thanksgiving, after all, is a word of action."
- W.J. Cameron | |
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Hernandez Joins TECO
Roland Hernandez, a Research Engineer at the USDA Forest Products Laboratory in Madison for the past 17 years, joined TECO as a Senior Engineer in September. Hernandez, whose research focus at FPL involved glu-lam and other engineered wood products, adds to TECO's expertise in structural wood engineering, wood science, and performance and properties of foreign timber species.
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Greenpeace Co-Founder Moore:
"Trees are the Answer"
"Green Spirit - Trees are the Answer", written by Greenpeace co-founder and long-time leader Dr. Patrick Moore, delivers a powerful message about forests that runs contrary to much of the environmental movement's current thinking. This enlightening half hour documentary gives us new eyes with which to see the land, exploring the beauty, biodiversity and spirit of forests growing back after logging. With logical argument based on facts and science, Dr. Moore demonstrates that rather than reducing our consumption of wood, we should be planting more trees and using more renewable wood in order to reduce our reliance on non-renewable fuels and materials. By linking forests, biodiversity conservation, and climate change into a unified understanding of the global environment he shows that the apparent logic of saving the forests by cutting fewer trees and using less wood is actually an anti-environmental proposition. |
Housing Crisis Impacts Builders Across the Spectrum
Toll Brothers Revenue Falls 36%
Toll Brothers, Inc., the largest builder of luxury homes in the United States, said in a press release that their fiscal fourth quarter home-building revenue fell 36% from FY 2006 levels. The company said business in October was weaker than in September, a sign that a turnaround in the housing market may still be far off.
Levitt & Sons Files for Chapter 11 Protection
Levitt & Sons, the nation's oldest home builder, and the company that originated the community concept with 'Levittown' in New York in 1949, filed for Chapter 11 bankruptcy protection on November 9 in Florida.
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Federal Reserve: "Subprime Delinquencies Will Probably Rise"
In testimony before the U.S. Congress Joint Economic Committee on November 8, Ben Bernanke, Chairman of the Federal Reserve, said that U.S. GDP grew at a solid rate of 3.9% percent, although residential construction's sharp decline in the third quarter subtracted about 1 percentage point from overall growth.
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Japanese Housing Starts Plummet
As reported in the November 9 edition of Japan Lumber Reports (No. 488), total housing starts in Japan dropped 44% in September to just over 63,000 units, when compared to September 2006, the largest such drop in recorded history. Seasonally adjusted annual starts were the lowest ever recorded with 720,000 units. Wood-based units were down by 23.2% in September, which was a slight improvement over the August decline of 34.3%. A law that tightened the ability to obtain building permits was cited as a primary reason for the decline in housing starts.
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