On March 5th, the US Department of Commerce initiated the sixth administrative reviews of the duty orders for certain softwood lumber products from Canada.
Wood Markets News
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.
Australia Launches A$100 Million Forest and Wood Innovations Program
On Monday, the Albanese Government launched its $100 million (AUD) Forest and Wood Innovations (AFWI) program.
State-Level Analysis of Construction Sector Employment for January
32 states saw month-over-month employment gains in January, 17 lost construction sector jobs, and 2 were unchanged, the BLS and NAHB reported.
Consumer Price Index Increases 0.4% in February; All-Item Index Up 3.2% Year-Over-Year
The Consumer Price Index for All Urban Consumers increased 0.4% in February on as seasonally adjusted basis, after rising 0.3% in January.
US Asking Rents Climb 0.9% Month-Over-Month and 2.2% Year-Over Year in February
The median US asking rent increased 2.2% year-over-year to $1,981 in February, the largest gain reported since January 2023, Redfin reported.