For the two-week period ending December 29th, mortgage loan application volume declined 9.4% on a seasonally adjusted basis, according to the Mortgage Bankers Association.
Wood Markets News
US Job Openings and Labor Turnover Summary for November
As of the last business day in November, the number of job openings changed little at 8.8 million. The job openings rate was unchanged at 5.3%.
Tolko Hopes to Have Lavington, BC, Planer Mill Fully Operational by the End of January
Tolko Lumber Company hopes to have its Lavington, BC, planer mill back up and fully operational by the end of January, Castanet reported.
US Monthly Construction Spending Increased Month-Over-Month and Year-Over-Year in November
Total construction spending during November was estimated at a seasonally adjusted annual rate of $2,027.1 billion, 0.4% above the revised October estimate of $2,042.5 billion.
China Extends Tariff Exclusions on Seven US Hardwood Lumber Products
China is extending the Section 301 retaliatory tariff exclusions on seven hardwood products through July 31st.
As of January 1st, Native Logging in Western Australia Has Ended
As of January 1st, the Western Australia Government’s promise to end logging in native forests became a reality, PS News reported.
Stora Enso Agrees to Sell Land and Machinery at Its Recently Closed Näpi, Estonia, Sawmill to Puidukoda
Stora Enso announced that it has signed an agreement to sell its recently closed (June 2023) Näpi, Estonia, sawmill to Puidukoda, a local planed timber producer.
Modvion Completes World’s Tallest Wood Wind Turbine in Sweden
Swedish start-up Modvion has successfully completed the world’s tallest wood wind turbine, reaching an impressive height of 150 meters (492 feet), the BBC reported.
Blueprint Robotics Opens New European Office in Herefordshire, UK
Blueprint Robotics is opening a new office for its new European team of four design engineers in Herefordshire, UK, according to Your Herefordshire.
Weyerhaeuser Completes Initial Sales of Carbon Credit Offerings
Weyerhaeuser Corporation announced on Wednesday (12-27-23) an agreement for the sale of nearly 32,000 forest carbon credits at $29 per […]