Winnwood Forest Products plans a $2 million expansion of its Natchez, Mississippi, sawmill, The Natchez Democrat reported.
Wood Markets News
Investment in Canadian Building Construction Increases in November
Investment in Canadian building construction rose 9.7% to CA$24.5 billion in November 2025, with residential investment up 13.3% and nonresidential investment up 1.4%.
US Real GDP Increases at an Annual Rate of 4.4% in Q3, BEA Reports in Its “Updated” Estimate
US real GDP grew at an annual rate of 4.4% in 2025Q3, a 0.1 percentage point upward revision from the prior estimate, the BEA reported.
US Mortgage Rates Inch Higher in the Week Ending January 22
The 30-year fixed-rate mortgage averaged 6.09%, up from 6.06% the previous week, Freddie Mac reported.
US Weekly Initial Jobless Claims Increase in the Week Ending January 17
The advance figure for seasonally adjusted initial unemployment claims was 200,000, an increase of 1,000 from the previous week.
US Construction Spending Edges Higher in October
Total construction spending edged up 0.5% in October 2025 but was down 1.0% from a year earlier. Residential construction rose 1.3%.
US Pending Home Sales Decline in December
Pending home sales fell 9.3% and were down 3.0% year-over-year in December 2025, NAR reported.
BC Postpones Introduction of Heritage Conservation Act Amendments
BC has postponed planned amendments to the Heritage Conservation Act, citing the need for further engagement with industry, First Nations, and local governments.
US Multifamily Built-for-Rent Housing Starts Increase in Q3
Built-for-rent units totaled 114,000 of 119,000 multifamily housing starts in 2025Q3, representing 95% of the market, the Census Bureau and NAHB reported.
Mortgage Applications Increase in the Week Ending January 16
Mortgage loan application volume increased 14.1% on a seasonally adjusted basis from one week earlier, MBA reported.