A former International Paper sawmill in Washington, GA, reopened as Wilkes Lumber Company and began operations on April 1.
Wood Markets News
US Mortgage Credit Availability Index Falls in April
The MBA Mortgage Credit Availability Index fell 0.4% to 107.9 in April.
US Producer Price Index for Final Demand Increases 1.4% in April
US producer prices rose 1.4% in April, driven by services. Year-over-year, prices increased 6.0%.
US Mortgage Applications Rise in the Week Ending May 8
Mortgage loan application volume increased 1.7% on a seasonally adjusted basis from one week earlier, MBA reported.
US Outstanding Consumer Credit Increases in Q1
US consumer credit totaled $5.14 trillion in Q1, rising 3.25% from the prior quarter and 2.63% year-over-year, the Federal Reserve reported.
Melbourne’s Anzac Station Features Glulam Timber Canopy
Melbourne’s Anzac Station includes an 84-meter glulam timber canopy with skylights as part of the city’s Metro Tunnel Project.
BC Invests CA$12 Million to Expand Global Demand for Wood Products
BC announced investments exceeding CA$12 million to expand global demand for wood products and support market development initiatives.
US Wood Pellet Exports Increase in March
US wood pellet exports totaled 1.1 million metric tons in March, up from 608,572 metric tons in February, the USDA and Biomass Magazine reported.
US Nonresidential Construction Employment Increases by 19,000 in April
US nonresidential construction employment increased by 19,000 positions in April, led by gains in specialty trade contractors, ABC reported.
US Consumer Price Index Rises 3.8% Year-Over-Year in April
The Consumer Price Index for All Urban Consumers rose 0.6% in April on a seasonally adjusted basis and 3.8% year-over-year.