China’s real estate troubles are likely far from over, according to a report by KKR featured by CNBC.
Wood Markets News
US Nonfarm Payroll Increases by 303,000 in March; Unemployment Declines to 3.8%
Nonfarm payroll employment increased by 303,000 in March, above the average monthly gain of 231,000 over the prior 12 months.
US National Interagency Fire Center Wildfire Update for the Week Ending April 5th
As of Friday, April 5th, 3 uncontained large fires are burning in Alabama, Missouri, and Florida.
Canadian Employment Holds Steady in March; Unemployment Moves Higher
Employment was virtually unchanged in March. The unemployment rate increased 0.3 percentage point to 6.1%.
AHF Products to Purchase Two West Virginia Sawmills From Allegheny Wood Products
A US District Court approved the sale of two sawmills formerly owned by Allegheny Wood Products (AWP) to AHF Products, a Pennsylvania flooring company, West Virginia Public Broadcasted reported.
Stora Enso Restarts Varkaus and Oulu Pulp and Paper Mills After Finnish Logistics Sector Strike is Suspended
Stora Enso confirmed to EUWID Pulp and Paper that it had restarted its Varkaus mill earlier this week. The mill was idled due to the strikes in the Finnish logistics sector.
30-Year Fixed-Rate Mortgages Inch Higher in the Week Ending April 4th
The 30-year fixed-rate mortgage averaged 6.82%, up from last week when it averaged 6.79%, Freddie Mac reported.
US Weekly Jobless Claims Increase in the Week Ending March 30th
The advance figure for seasonally adjusted initial unemployment claims was 221,000, an increase of 9,000.
University of Michigan Starts Construction on New Mass Timber College of Pharmacy Building
The University of Michigan has commenced construction on its new mass timber College of Pharmacy building, The University Record reported.
Private Sector Job Cuts Continue to Climb Higher in March
US-based employers announced 90,309 job cuts in March, up 7% from the 84,638 cuts announced in February, Challenger, Gray & Christmas, Inc. reported.