Wood Markets News

US National Interagency Fire Center Wildfire Update for the Week Ending September 15th

September 18, 2023 · Timber

As of Friday, September 15th, 67 large wildfires have burned more than 468,938 acres in 12 states. Two new large new wildfires were reported.

Home Purchases Are Falling Through at the Fastest Rate in Nearly a Year

September 17, 2023 · End Use

Redfin reported that residential real estate deals are falling through at their highest rate in almost a year.

Producer Price Index for August With a Focus on Building Materials Prices

September 17, 2023 · End Use

Analysis provided by the NAHB reveals that the price level of inputs into residential construction less energy ticked up 0.1% in August, not seasonally adjusted.

Canadian Home Sales Fall 4.1% Month-Over-Month in August

September 17, 2023 · End Use

The Canadian Real Estate Association reported that home sales posted over the Canadian MLS® Systems declined 4.1% between July and August.

University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for September

September 17, 2023 · End Use

The Index of Consumer Sentiment declined to a reading of 67.7 in September, down from its reading of 69.5 in August. This is a month-over-month decline of 2.6%.

Canfor Announces $200 Million Investment to Build New Houston, BC, Facility

September 14, 2023 · Lumber Mill Capacity Changes

Canfor announced it will invest $200 million (CAD) to build a new state-of-the-art manufacturing facility in Houston, British Columbia.

New Ontario Cedar Mill Signs Fiber Supply Agreement

September 14, 2023 · Mill Capacity Changes

The Fort Frances Times reported that Szeder Sunset Cedar Mill in Barwick has signed a Fiber Supply Business Agreement with Boundary Waters Forest Management Corp.