The San Group’s mills and remanufacturing plant in Port Alberni are running only intermittently after a curtailment began in October, the Times Colonist reported.
Wood Markets News
New River Farms Sawmill in Danese, WV, Fills Regional Needs
The New River Farms Sawmill opened July 19th, offering various boards and beams up to 25 feet in length to the customer’s specifications, the West Virginia Press Association reported.
CN Rail Mechanics and Clerks Vote to Approve Strike Mandate
CN mechanics and clerks voted in favor of a strike mandate that could see workers walk off the job as early as January 1st, CBC reported.
US Pending Homes Sales Increase 2.0% in October
The NAR Pending Homes Sales Index increased 2.0% month-over-month to a reading of 77.4 in October. Year-over-year, pending homes sales were up 5.4%.
US Mortgage Rates Inch Lower in the Week Ending November 27th
The 30-year fixed-rate mortgage averaged 6.81%, down from last week when it averaged 6.84%, Freddie Mac reported.
US Personal Income and Outlays for October
Personal income increased 0.6% at a monthly rate in October; disposable personal income increased 0.7%; and personal consumption expenditures increased 0.4%.
Canadian Real GDP Increases 0.3% in Q3
Canadian real GDP in Q3 increased 0.3% on a quarterly basis, after rising 0.5% in both Q1 and Q2.
Inter IKEA Group Acquires Forestlands in Latvia
The Inter IKEA Group has signed an agreement to acquire its first set of forestlands in Latvia.
US Real GDP Increases at an Annual Rate of 2.8% in Q3, BEA Reports in Its “Second” Estimate
Real GDP increased at an annual rate of 2.8% in Q3, following a reported increase of 3.0% in Q2.
US Weekly Initial Jobless Claims Decline in the Week Ending November 23rd
The advance figure for seasonally adjusted initial unemployment claims was 213,000, a decrease of 2,000 from the previous week’s revised level.