Nieman Enterprises plans to reduce production and the headcount at Spearfish Forest Products, South Dakota Public Broadcasting reported.
Wood Markets News
US Residential Building Materials Costs Continue to Climb in March
The prices of goods used in residential construction, less energy, increased for the fifth consecutive month in March, the BLS and NAHB reported.
Canadian Existing-Home Sales Inch Higher Month-Over-Month in March
CREA reported that home sales recorded over Canadian MLS® Systems inched 0.5% higher month-over-month.
Hybrid Mass Timber High-Rises Now Nearly as Cost-Effective as Concrete, Study Says
Building a hybrid mass timber high-rise is now nearly as cost-effective as comparable concrete tower, according to a study by PCL Construction, DCI Engineers, and Weber Thompson.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for April
The University of Michigan Index of Consumer Sentiment declined 1.9% month-over-month but rose 22.3% year-over-year in April.
Two Rivers Lumber to Build Second Sawmill Facility in Kellyton, AL
Two Rivers Lumber Co. plans to build second sawmill in Alabama with an investment of $115 million, Business Alabama reported.
Canfor Permanently Closing Its Jackson, AL, Sawmill; Expanding Production in Fulton
Canfor said it is in the process of optimizing its footprint in southern Alabama by closing one facility while expanding production at another.
RoyOMartin to Invest $30 Million to Upgrade Its OSB Facility in Allen Parish, LA
Martco, the parent company of RoyOMartin, is investing $30 million to upgrade its Allen Parish, Louisiana, OSB manufacturing facility.
Fixed-Rate Mortgages Climb Higher in the Week Ending April 11th
The 30-year fixed-rate mortgage averaged 6.88%, up from last week when it averaged 6.82%, Freddie Mac reported.
Russia’s Invasion of Ukraine Has Destroyed 60,000 Hectares of Forests So Far
According to an investigation by NGL Media, Russia’s war against Ukraine has destroyed more than 60,000 hectares of forests amounting to US$360 million, The Kyiv Independent reported.