West Fraser said it will take a $409 million goodwill impairment in 2025Q4 and outlined 2026 shipment targets for lumber and OSB.
Wood Markets News
US Mortgage Credit Availability Tightens in December
The MBA Mortgage Credit Availability Index fell 2.6% to 104.7 in December.
Zombie Wildfires Put BC Fire Officials on Early Alert
The BC Wildfire Service says the province is heading into winter with 24 wildfires still burning underground.
US Mortgage Rates Edge Higher in the Week Ending January 8
The 30-year fixed-rate mortgage averaged 6.16%, up from 6.15% the previous week, Freddie Mac reported.
US Army Corps of Engineers Reimagines Barracks Construction Using Mass Timber
The US Army Corps of Engineers is launching its largest mass timber construction project to date, building a five-story barracks at Joint Base Lewis-McChord.
US Weekly Initial Jobless Claims Increase in the Week Ending January 3
The advance figure for seasonally adjusted initial unemployment claims was 208,000, an increase of 8,000 from the previous week.
US Job Cuts Fall in December; Lowest Monthly Total Since July 2024
US employers announced 35,553 job cuts in December, down 50% from November and 8% from a year earlier, while hiring plans rose month-over-month, CG&C said.
Woodland Pulp Resumes Canadian Fiber Purchases at Baileyville, ME, Mill
Woodland Pulp has resumed Canadian fiber purchases at its Baileyville, Maine, mill, the Telegraph-Journal reported
Colorado Expands Wildfire Mitigation Efforts as Pine Beetle Outbreak Grows
Colorado officials announced expanded wildfire mitigation efforts as a growing mountain pine beetle outbreak threatens Front Range ponderosa pine forests.
US Construction Job Openings Increase in November
Construction job openings increased to 292,000 in November, up from October and slightly above year-ago levels, BLS and NAHB reported.