Total consumer credit outstanding in October reached a seasonally adjusted annual rate (SAAR) of $4.99 billion, according to a NAHB review of the Fed’s latest G.19 Consumer Credit report.
Wood Markets News
NFIB’s Small Business Optimism Index Declines in November; Pessimistic Outlook for 2024
The NFIB’s November SBOI declined 0.1 points to a reading of 90.6. This marks the twenty-third consecutive month that the SBOI has been below the 49-year average reading of 98.
Sun Mountain Lumber Purchases and Restarts Former R-Y Timber Sawmill in Livingston, Montana
Sun Mountain Lumber, a Montana-based wood manufacturing company, has completed the purchase of the former R-Y Timber mill in November and is restarting production, KULR8 reported.
UK Launches Ambitious Plan to Increase Use of Timber in Construction
The UK unveiled an ambitious new roadmap to increase the use of timber in the construction of homes and buildings to reduce emissions and reach net zero carbon emissions goals.
Oregon State University Forest Modeling Helps Identify Best Harvesting Rotations for Maximum Carbon Sequestration
Forest modeling by Oregon State University scientists shows that a site’s productivity is the main factor that determines which time period between timber harvests allows for maximum above-ground carbon sequestration.
Fannie Mae Expert Panel Sees Home Prices Continuing to Rise but at a Slower Pace in 2024 and 2025
Fannie Mae released its Q4 Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC.
Trinity University Completes San Antonio’s First Mass Timber Higher Education Building
ENRTexas&Louisiana has featured a new, 40,000-square-foot mass timber facility at San Antonio’s Trinity University.
Tolko’s Lavington, BC, Sawmill Curtailed Due to Energy Transformer Issue
On December 4th, Tolko’s Lavington, BC, sawmill lost power due to an upset condition with an energy transformer, Penticton Western News reported.
Burton Mill Solutions Acquires Carolina Cutting Tools
Burton Mill Solutions has completed its acquisition of Carolina Cutting Tools located in Newberry, South Carolina.
BC Forestry Sector Embarks on Mission to Japan to Showcase BC’s Innovation in Wood Products
The delegation will include the Ministry of Forests, as well as First Nations delegates and forestry-sector representatives from companies of all sizes.