BTG Pactual TIG raised $370 million in a first close for its newest core Latin America timberland strategy, targeting $1.5 billion for investments across Chile, Uruguay, and Brazil over five years.
Wood Markets News
US Mortgage Applications Rise in the Week Ending April 17
Mortgage loan application volume increased 7.9% on a seasonally adjusted basis from one week earlier, MBA reported.
Segezha Group Reports Widening Loss in 2025
Segezha Group posted an 88-billion-ruble (US$1.1-billion) loss in 2025 as revenue fell 12.0% and Chinese demand weakened.
US Asking Rents Post Slowest Annual Growth Since 2020
US asking rents rose 1.8% year-over-year in March to $1,910, the slowest growth since 2020, as income gains begin to outpace rent increases, Zillow reported.
US Pending Home Sales Rise in March
Pending home sales rose 1.5% in March but were down 1.1% year-over-year, NAR reported.
Rayonier Advanced Materials Launches Strategic Review
RYAM has launched a strategic review, exploring options including a sale or merger, while appointing an interim Office of the CEO.
US Home Prices Trend Higher in March
US home prices rose 0.1% in March on a seasonally adjusted basis, Redfin reported. This marked the third consecutive monthly increase.
Canadian Consumer Price Index Rises 2.4% Year-Over-Year in March
Canada’s CPI rose 2.4% year-over-year in March, up from a 1.8% increase in February.
US National Interagency Fire Center Wildfire Update for April 17
As of Friday, April 17, 144 new wildfires and 3 large incidents were reported during the week.
West Fraser Provides Update on Mill Operations
West Fraser resumed Blue Ridge operations, started up its new Henderson mill, and will close its High Level OSB facility by the end of April.