Ontario’s AV Terrace Bay, a part of the Aditya Birla Group, is temporarily shutting down its pulp mill due to prevailing market conditions, NetNewsledger reported.
Wood Markets News
Private Residential Construction Spending Rises Month-Over-Month and Year-Over-Year in November
Private residential construction spending increased 1.1% in November, according to the Census Bureau and NAHB.
Alberta’s Mountain Pine Beetle Population Continues to Steadily Decline
Since reaching its peak in 2019, the mountain pine beetle population in Alberta has declined 98%, according to the provincial government.
Mortgage Applications Decline Over the Holiday Period
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.
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.