US-based employers announced 34,817 job cuts in December, a 24% decline from November, according to Challenger, Gray & Christmas, Inc.
Wood Markets News
Fire Reported at Weyerhaeuser’s Plymouth, NC, Sawmill on Tuesday
On Tuesday, firefighters were called to the Weyerhaeuser sawmill in Plymouth, North Carolina, regarding a fire at the facility, WITN reported.
Small Fire Reported at Georgia Pacific’s Mount Jewett, PA, MDF Facility
On Tuesday, a fire was reported in a press area at Georgia Pacific’s MDF facility in Mount Jewett, Pennsylvania, The Bradford Era reported.
Ontario’s AV Terrace Bay Pulp Mill Announces Temporary Shutdown, Citing Poor Market Conditions
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.
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.