Jasper Lumber Company is nearing completion of a $135-million upgrade to its sawmill facility in Jasper, Alabama, Trade & Industry Development reported.
Wood Markets News
March Ice Storm Damages 920,000 Acres of State Forestland in Michigan
Approximately 919,500 acres of state forests have been damaged in Northern Michigan in the aftermath of a severe ice storm in March, MLive reported.
Godfrey Wood Products’ Plans for New OSB Mill in Jay, ME, Hit by Tariff Headwinds
Godfrey Wood Products has all of the permits but hasn’t been able to move forward with construction because of uncertainty with tariffs, WMTV reported.
Brazilian Exports of Wood-Based Products Decrease in February
Brazilian exports of wood-based products (excluding pulp and paper) totaled $278.6 million in February, down 8.5% year-over-year, the ITTO reported.
US Median Asking Rent Trends Lower Year-Over-Year in March
The median US asking rent fell 0.6% year-over-year to $1,610 in March but rose 0.4% month-over-month, Redfin reported.
Campbell Global Closes $1.5 Billion Forest and Climate Fund
J.P. Morgan Asset Management announced the close of Campbell Global’s Forest & Climate Solutions Fund II at $1.5 billion, exceeding its fundraising target.
BMI Group Acquires Idled Domtar Pulp and Paper Mill in Espanola, ON
BMI Group subsidiary Bioveld North Inc. has signed an agreement with Domtar to acquire the former Espanola pulp and paper mill.
US Remodeling Market Sentiment Declines in Q1
The NAHB/Westlake Royal Remodeling Market Index declined 5 points to 63 in Q1.
US Building Materials Price Growth Slows in March
Prices for inputs to new residential construction—excluding capital investment, labor, and imports—were up 0.6% in March, the BLS and NAHB reported.
US Producer Price Index for Final Demand Rises 2.7% Year-Over-Year in March
The seasonally adjusted Producer Price Index (PPI) for final demand fell 0.4% month-over-month in March.