Louisiana Gov. Jeff Landry signed a bill aimed at supporting wood pellet manufacturing through permitting and workforce measures.
Wood Markets News
US Home Improvement Spending Remains Near Record Levels Despite Slow Housing Turnover
HIRI reported that US home improvement spending remains near record levels as slow housing turnover leads more homeowners to reinvest in their existing homes.
US Housing Payments Hit One-Year High as Buyers Pull Back
The median US monthly housing payment hit $2,647, the highest level in a year, as high prices and mortgage rates weighed on buyers.
Canadian Consumer Price Index Rises 3.2% Year-Over-Year in May
Canada’s CPI rose 3.2% year-over-year in May, up from 2.8% in April, as gasoline prices climbed 33.2%.
Finland’s Koskisen Commissions New Channel Kilns at Järvelä Sawmill
Koskisen commissioned new channel kilns at its Järvelä sawmill, increasing drying capacity 15% as it targets 450,000 cubic meters of output.
US National Interagency Fire Center Wildfire Update for June 22
As of Monday, 31 large fires are actively burning across the US, with 2,714,021 acres burned year-to-date, NIFC reported.
US Forest Service Announces Montana Tri-Forest Federal Sustained-Yield Unit
The US Forest Service expects to offer 350–500 million board feet to local Montana processing facilities over the plan’s first 10 years.
Ontario Sawmill Launches CA$5 Million Modernization Project
Bernie McGlynn Lumber is launching a CA$5.3 million expansion near Mildmay, ON, to double production space and boost output nearly 50%.
US Single-Family Rent Growth Slows in April
Single-family rents rose 1.4% year-over-year in April, slowing from a 2.8% gain a year earlier, Cotality reported.
US Commercial and Multifamily Mortgage Debt Outstanding Surpasses $5 Trillion in Q1
Commercial and multifamily mortgage debt outstanding rose 0.5% in Q1 to $5.02 trillion, while multifamily debt increased 1.0%, MBA reported.