The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.6% in February. This follows a 0.3% increase in January.
Wood Markets News
US Weekly Jobless Claims Inch Lower in the Week Ending March 9th
The advance figure for seasonally adjusted initial unemployment claims was 209,000 during the week ending March 9th, a decrease of 1,000 from last week.
Recent Forest Fires Have Quebec Questioning Its Long-Term Timber Harvest Projections
Quebec’s timber harvest targets are being called into question due to wildfires, climate disruption, and the province’s commitments to protect territory, Radio-Canada’s ICI Quebec reported.
Mass Timber Plant Being Developed in Nova Scotia Could Reap Economic Benefits Throughout the Region
A $215 million (CAD) mass timber manufacturing plant being developed in Nova Scotia could reap economic benefits that ripple through the region, Daily Commercial News reported.
US Dept. of Commerce Initiates Sixth Administrative Review of Duties on Certain Softwood Lumber Products From Canada
On March 5th, the US Department of Commerce initiated the sixth administrative reviews of the duty orders for certain softwood lumber products from Canada.
Enviva Announces Restructuring Support Agreements to Strengthen Its Financial Position
On Tuesday, Enviva, a producer of sustainably sourced wood-based biomass, announced that it has entered into two Restructuring Support Agreements.
Hampton Lumber Discusses Potential Mass Timber Investment at Burns Lake, BC, Council Meeting
Hampton Lumber met with the Burns Lake Council to provide an update about the sawmill industry in the town, the Burns Lake Lakes District News reported.
Victoria, Australia’s State-Owned Logging Company VicForests to Cease Operations on June 30th
VicForests has been responsible for forest management on behalf of the Victoria, Australia, government for the past 20 years, ABC News reported.
Mortgage Applications Increase in the Week Ending March 8th
Mortgage loan application volume increased 7.1% on a seasonally adjusted basis from one week earlier, the MBA reported.
Despite 2023Q4 Setback, Freddie Mac Multifamily Apartment Investment Market Index Finishes 2023 Up Nationwide
The Freddie Mac Multifamily Apartment Investment Market Index® decreased in Q4 but increased over the full year.