According to reporting by Woodworking Network, Egger has announced that it had recently started production on a third lamination line at its Lexington, North Carolina, facility. Egger will also install a decorative paper impregnation line.
Wood Markets News
Domtar Announces Agreement to Sell Its Dryden Pulp Mill to Quality First
Domtar Corporation, a wholly owned subsidiary of the Paper Excellence Group, and First Quality Enterprises, Inc. announced today that they have entered into an agreement to sell Domtar’s Dryden pulp mill to First Quality.
Federal Housing Finance Agency’s House Price Index Increased at an Annual Rate of 8.4% in 2022Q4
The Federal Housing Finance Agency reported today its House Price Index for December, as well as all of 2022Q4. Seasonally adjusted home prices in December were down 0.1% from November.
India’s Greenpanel Industries Orders Its Third DIEFFENBACHER MDF Plant
Greenpanel Industries, India’s largest MDF manufacturer, recently announced it has ordered its third MDF plant from DIEFFENBACHER. The new thin-board line will be added in Routhusuramala, Andhra Pradesh.
S&P CoreLogic Case-Shiller US Home Price Index Declined Again in December
On Tuesday, S&P Dow Jones Indices released its S&P CoreLogic Case-Shiller US National Home Price NSA Index for December. Home prices experienced a 5.8% annual gain in December, down from a 7.6% annual gain in November.
The Conference Board’s Consumer Confidence Index Declines for Second Consecutive Month in February
The Conference Board released today its Consumer Confidence Index® for February. The CCI declined to 102.9 (1985=100), down from a revised reading of 106.0 in January.
Canadian Real GDP Declines in December
Statistics Canada reported today that Canadian real GDP declined 0.1% in December, following a 0.1% increase in November. Goods-producing industries fell 0.6%, while service-producing industries remained unchanged.
Pending Homes Sales Increase for Second Consecutive Month in January
On Monday, the National Association of Realtors® reported its Pending Homes Sales Index improved 8.1% month-over-month in January to a reading of 82.5. The PHSI has now increased for two consecutive months. Year-over-year, contract signings have declined 24.1%.
USDA Announces an Additional $10 Million Investment in Forest Nursery and Native Seed Partnerships
The US Department of Agriculture on Friday announced that nearly $10 million is being invested in forest nursery and native seed partnerships, with funding from the Bipartisan Infrastructure Law. Of the total funding, $4.5 million is being invested in 29 facilities to modernize forest nurseries.
Multifamily Market Continues to Experience High Demand, but Absorption Rate Declined in 2022Q3
Information from the US Census Bureau’s latest Survey of Market Absorption of New Multifamily Units, with further analysis provided by the National Association of Home Builders, reveals that the multifamily market continues experience high demand, with apartment completions reaching their highest point since 2021Q3.