Kronospan and Roseburg Forest Products jointly announced that they had executed a planned purchase and sales agreement between the companies.
Wood Markets News
Mortgage Credit Availability Increases for Third Consecutive Month in October
The Mortgage Bankers Association Mortgage Credit Availability Index (MCAI) shows mortgage credit availability increased in October.
Consumer Price Index Unchanged in October; All-Items Index Up 3.2% Year-Over-Year
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October, on a seasonally adjusted basis, after increasing 0.4% in September and 0.6% in August.
University of California, Berkeley Constructing First Mass Timber Building on Campus
The University of California, Berkeley is breaking ground on the first mass timber building constructed on its campus, according to Berkeley News.
Canadian Rent Prices Continue to Climb Higher in October
Data released by Rentals.ca and Urbanation shows that October’s annual rate of rent growth in Canada was down from the 11.1% jump posted in September, CKPGToday and the Canadian Press reported.
NFIB Small Business Optimism Index Declines in October
The October National Federation of Independent Business Small Business Optimism Index (SBOI) declined 0.1 points to a reading of 90.7.
High Interest Rates and Limited Availability of Existing Homes for Sale Have Not Weakened Buyer Demand
According to Zillow, although mortgage rates remain close to 23-year highs and existing home inventory remains low, those factors seem to be spurring surprisingly strong competition.
Metsä Group Signs Agreement With Raute for Delivery of Technology for New Kerto LVL Mill in Äänekoski, Finland
Metsä Group announced that it has signed an agreement with Raute for the technology delivery of the new Kerto LVL mill in Äänekoski, Finland.
Nonresidential Building Project Planning Remains Strong in October
The Dodge Construction Network released its October Dodge Momentum Index, a monthly measure of initial reports of nonresidential building projects in planning.
Land Acquisition, Development, and Construction Loan Availability Continues to Tighten in Q3
The availability of loans for Land Acquisition, Development & Construction continued to tighten in Q3, according to surveys by the Federal Reserve and NAHB.