GreenFirst Forest Products will extend holiday downtime at three Ontario sawmills, resulting in a three-week shutdown.
Wood Markets News
BC to Support Nine More Forestry Firms to Modernize and Diversify Production
BC is providing up to CA$2.5 million to nine forestry companies through the BC Manufacturing Jobs Fund to modernize facilities and expand high-value wood production.
Canadian Industrial Product and Raw Materials Price Indices Rise in November
Canada’s Industrial Product Price Index rose 0.9% in November, while the Raw Materials Price Index increased 0.3%.
US Mortgage Application Payment Index Falls for Sixth Straight Month in November
The MBA Mortgage Application Payment Index fell 0.2% in November, marking a sixth straight month of improving homebuyer affordability.
NZ–India Trade Deal Eliminates Tariffs on Most Wood Products
New Zealand’s wood industry welcomed the NZ–India trade deal, which immediately eliminates tariffs on over 95% of wood products exported to India.
USDA Names New Appointments to the Softwood Lumber Board
USDA announced new appointments to the Softwood Lumber Board, with terms beginning January 1, 2026.
Maine Affordable Net Zero Home Developer Partners on Prefab Housing Project
Maine-based Zero Energy Homes is partnering with Knickerbocker Group on a modular net zero home in Trenton, cutting build time and targeting affordable buyers.
BC Backs Two Vancouver Island Wood Manufacturing Investments
BC announced new funding for two Vancouver Island wood manufacturers to expand higher-value and mass timber production.
US Existing-Home Sales Edge Higher in November
Existing-home sales rose 0.5% in November to a seasonally adjusted annual rate of 4.13 million, NAR reported.
US Pending Home Sales Post Largest Year-Over-Year Decline Since Early 2025
US pending home sales fell 5.8% year-over-year in the four weeks ending December 14, the steepest decline since early 2025, Redfin reported.