Mortgage loan application volume increased 9.9% on a seasonally adjusted basis from one week earlier, according to the MBA.
Wood Markets News
Saskatchewan’s Peepeekisis Community Hub Features Exposed Mass Timber System
Construction Canada has reviewed the Peepeekisis Community Hub, which features a core design of an exposed mass timber system, strategically chosen to frame the building.
West Fraser Announces Closure of Maxville, FL, Sawmill and Indefinite Curtailment of Its Huttig, AR, Facility
West Fraser announced that it will close its sawmill in Maxville, Florida, and indefinitely curtail operations at its sawmill in Huttig, Arkansas, by the end of the month.
Canadian Building-Permit Values Decline in November
The total monthly value of building permits in Canada decreased 3.9% month-over-month to $10.9 billion (CAD) in November.
Mortgage Credit Availability Tightens in December
The Mortgage Bankers Association Mortgage Credit Availability Index (MCAI) decreased 4.6% to a reading of 92.1 in December.
New Pilot Project in BC Aims to Rehabilitate Wildfire-Impacted Forests
To help meet the continuing challenges facing BC’s forest industry Central Chilcotin Rehabilitation Ltd. (CCR) aims to rehabilitate wildfire-affected forests.
US Total Consumer Credit Outstanding Increases in November
In November, total consumer credit outstanding reached a seasonally adjust annual rate (SAAR) of $5.00 trillion for the first time, the Fed and NAHB reported.
NFIB Small Business Optimism Index Improves Modestly in December, but Owners’ Concerns Persist
The National Federation of Independent Business Small Business Optimism Index increased 1.3 points to a reading of 91.9 in December.
Metsä Group Announces Plans to Close Its Merikarvia, Finland, Sawmill Later This Year
Metsä Group intends to discontinue sawn timber production at its Merikarvia, Finland, facility by the end of the summer of 2024.
Poland Halts Logging in 10 of Its Oldest Forests
Poland has ordered a state-run company that manages more than 7 million hectares of the country’s forests to halt logging in the 10 oldest areas, Reuters reported.