C&C Forest Products is investing more than $21 million to rebuild its Coushatta, Louisiana, sawmill, creating 77 jobs and restoring production capacity.
Wood Markets News
US Building Material Prices Climb 6.9% Year-Over-Year in May
Building material prices excluding energy rose 4.4% year-over-year in May, the largest annual gain since January 2023, the BLS and NAHB reported.
Oregon and Ochoco National Forest Complete First Good Neighbor Authority Reforestation Project
ODF and the Ochoco National Forest planted and protected more than 74,000 ponderosa pine seedlings across 424 acres in a first-of-its-kind GNA project.
University of Michigan Releases Preliminary Results of Its Consumer Sentiment Index for June
The Index of Consumer Sentiment rose to 48.9 in June, up 9.2% from May but down 19.4% from a year ago.
Metsä Wood Completes Workforce Reduction Following Statutory Negotiations
Metsä Wood completed statutory negotiations in Finland and Estonia, reducing 100 positions and reorganizing operations affecting 72 employees.
US Producer Price Index for Final Demand Increases 1.1% in May
US producer prices rose 1.1% in May, driven by a 2.8% increase in final demand goods prices. Year-over-year, prices increased 6.5%.
Value of Canadian Building Permits Drops in April
The total value of Canadian building permits fell 7.6% to CA$12.5 billion in April, with residential and nonresidential intentions both lower.
Ontario Invests CA$1.6 Million in Hardwood Sawmill Expansion
Ontario is investing CA$1.6 million in a CA$5.3 million hardwood sawmill expansion project expected to increase output 47%.
US Mortgage Rates Track Higher in the Week Ending June 11
The 30-year fixed-rate mortgage averaged 6.52%, up from 6.48% the previous week, Freddie Mac reported.
MEDITE SMARTPLY Invests €75 Million in Ireland MDF Manufacturing Facility
MEDITE SMARTPLY will invest €75 million in its Clonmel, Ireland, MDF facility, upgrading infrastructure and transitioning fully to renewable biomass.