The US Supreme Court ruled 6–3 that President Trump lacked authority under IEEPA to impose sweeping global tariffs, Reuters reported.
Wood Markets News
US New Single-Family Home Sales Fall in December
New residential single-family home sales were at a seasonally adjusted annual rate of 745,000 in December 2025, 1.7% below the November rate.
US Real GDP Increases at an Annual Rate of 1.4% in Q4, BEA Reports in Its “Advance” Estimate
US real GDP grew at an annual rate of 1.4% in 2025Q4, a slowdown from 4.4% growth in Q3, according to the BEA’s advance estimate.
The Conference Board US Leading Economic Index Declines in December
The Conference Board Leading Economic Index declined 0.2% to 97.6 in December 2025, following a 0.3% decline in November.
University of Michigan Releases Final Results of Its Consumer Sentiment Index for February
The Index of Consumer Sentiment rose to 56.6 in February, up 0.4% from January but down 12.5% from a year ago.
Kronospan Begins Construction on New Chipboard Plant in Italy
Kronospan has begun building a €300 million chipboard plant in Italy, with 600,000 cubic meters of annual capacity and 210 new jobs expected by 2028.
US Forest Service Announces $95 Million in Wood Innovation Grants
The US Forest Service announced up to $95 million in Wood Innovations grants to expand wood construction, energy systems, and manufacturing capacity.
Metsä Wood to Scale Back UK Operations
Metsä Wood will scale down its UK operations and begin employee consultations, with proposed changes expected to impact about 140 positions.
US New-Home Purchase Mortgage Applications Increase in January
Mortgage applications for new-home purchases increased 2% in January and were up 19% year-over-year, MBA reported.
US Pending Home Sales Fall in January
Pending home sales fell 0.8% month-over-month and were down 0.4% year-over-year in January, NAR reported.