A survey by the Professional Logging Contractors of the Northeast shows a large winter storm in Maine on December 18th has caused disruptions and large financial losses, Mainebiz reported.
Wood Markets News
89% of US Homeowners With a Mortgage Have a Rate Below 6%
Redfin reported that 88.5% of US homeowners with mortgages have an interest rate below 6%, down from a record high of 92.8% in mid-2022.
Canadian Existing-Home Sales Trend Higher in December
Home sales recorded over Canadian MLS® Systems increased 8.7% from November to December 2023, CREA reported.
Canadian Lumber Production Rises 7.1% Month-Over-Month in October
In October, lumber production in Canada increased 7.1% from September to 4,441.2 thousand cubic meters. Year-over-year, production was up 6.1%.
US Residential Building Materials Costs Inch Higher in December
The Producer Price Index for goods input to residential construction (including energy) increased 0.1% in December after increasing a revised 0.1% in November, the BLS and NAHB reported.
BC Provides New Funding to Support First Nations Build Forest Resilience
BC announced two new grants for the First Nations Emergency Services Society (FNESS) to help support emergency management and land stewardship.
Producer Price Index for Final Demand Declines 0.1% Month-Over-Month in December
The Producer Price Index (PPI) for final demand, seasonally adjusted, declined 0.1% in December, following a 0.1% decline in November.
Mass Timber Office Building Under Construction in Vancouver Earns Salmon-Safe BC Certification
A mass timber office building designed by Dialog in Vancouver, BC, has been awarded the Salmon-Safe BC certification, Remi Network’s Design Quarterly reported.
Huber Timber Expands Its Timberland Holdings in Maine With Acquisition of Sandy Gray Forest
The Sandy Gray Forest is a 100,013-acre contiguous tract of timberland located in northern Maine and what HT is calling a long-term investment hold.
New Listings of US Existing-Homes For Sale Steadily Increase
In the four-week period ending January 7th, US pending home sales posted their smallest year-over-year decline in two years, Redfin reported.