Conifex Timber announced that it has amended and restated its existing credit agreement with PenderFund Capital Management.
Wood Markets News
Court-Appointed Receiver Continues Sale of Allegheny Wood Products Sawmills
Allegheny Wood Products (AWP) is continuing to sell its hardwood sawmills and kilns in West Virginia and Pennsylvania, Hardwood Floors Magazine reported.
Talks to Prevent East and Gulf Coast Dockworker Strike Set to Resume Next Week
Talks between the ILA and USMX are set to resume on January 7, little more than a week before the current contract extension expires, FreightWaves reported.
Nonresidential Construction Spending Declines 0.1% in November
Nonresidential construction spending declined 0.1% in November, the Census Bureau and ABC reported. On a seasonally adjusted annual basis, spending reached $1.234 trillion.
Sweden’s Mellanskog Raises Timber Prices
Mellanskog announced it was raising the price of pine and spruce logs, citing continuing strong demand for timber from family forestry in central Sweden.
S&P CoreLogic Case-Shiller Index Reports 3.6% Annual Gain in US Home Prices in October
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 3.6% in October, down from a 3.9% increase in September.
Southern Pine Exports Down 16% Year-Over-Year in October
Southern pine exports—both treated and untreated—were 13% higher year-to-date through October compared to the same period in 2023, the SFPA and USDA reported.
Irving Forest Products to Acquire Masardis Sawmill in Maine
Irving Forest Products will acquire the Masardis Sawmill in Masardis, Maine. It currently employs 80 people and has the capacity to produce 115 million board feet annually.
GreenFirst Forest Products Sells Its Softwood Lumber Duty Refunds to Mahogany Investors
GreenFirst is selling its softwood lumber duty refunds to Mahogany Investors for US$17.5 million, Nothern Ontario Business reported.
US Construction Spending Unchanged in November
Total construction spending during November was estimated at $2,152.6 billion (SAAR), virtually unchanged from the revised October estimate of $2,152.3 billion.