Washington-based Hughes Pacific has announced a significant expansion of its forestry operations in western Canada, Canadian Forest Industries (CFI) reported.
Wood Markets News
Construction Backlog Holds Steady in August
The Associated Builders and Contractors Construction Backlog Indicator declined to 9.2 months in August, down 0.1 month.
Mondi Announces Sale of Its Last Russian Facility to Sezar Invest
Mondi announced that it has entered into an agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Sezar Invest.
Mortgage Applications Increase in the Week Ending September 15th
Mortgage loan application volume increased 5.4% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.
US Housing Starts Fall While Permits and Completions Climb in August
Privately‐owned housing starts in August were at a seasonally adjusted annual rate (SAAR) of 1,283,000. This is 11.3% below the revised July estimate of 1,447,000.
Hood Industries to Close Its Sawmill in Metcalfe, Georgia
Hood Industries has announced plans to close its Metcalfe, Georgia, plant, according to reporting by The Thomasville Times-Enterprise.
Georgia-Pacific Announces the Pending Closure of Its Foley Cellulose Mill in Perry, Florida
Georgia-Pacific announced that it intends to permanently close its Foley Cellulose mill in Perry, Florida. Production will continue for a limited time.
Commercial/Multifamily Mortgage Debt Outstanding Rises to $4.6 Trillion in Q2
The level of commercial/multifamily mortgage debt increased by $37.3 billion, or 0.8%, in Q2, according to the Mortgage Bankers Association.
Canadian Consumer Price Index Up 4.0% Year-Over-Year in August
The Canadian Consumer Price Index (CPI) increased 4.0% year-over-year in August, following a 3.3% increase in July. On a monthly basis, the CPI rose 0.4% in August.
Canadian Housing Starts Decline Month-Over-Month in August
The Canadian Mortgage and Housing Corporation reported that the standalone SAAR of housing starts declined 1% month-over-month in August to 252,787 units.