A devastating fire on Saturday, April 19, destroyed the Zavisha Sawmills facility in Hines Creek, Alberta.
Wood Markets News
University of Michigan Releases Final Results of Its Consumer Sentiment Index for April
The Index of Consumer Sentiment declined to a reading of 52.2 in April, a month-over-month decline of 8.4% and a 32.4% decrease year-over-year.
Total Commercial Real Estate Borrowing and Lending Increases 16% in 2024
Total commercial real estate mortgage borrowing and lending reached $498 billion in 2024, a 16% increase from 2023, MBA reported.
BC Announces 64 New Projects to Reduce Wildfire Risk and Support Forestry
The projects are aimed at reducing wildfire risk, enhancing forest health, and getting more fiber into the hands of mills and energy producers.
UPM Plywood to Start Change Negotiations in Finland
UPM Plywood plans to improve the efficiency and profitability of its operations and will start change negotiations in Finland.
US Existing-Home Sales Decline 5.9% in March
Existing-home sales declined 5.9% to a seasonally adjusted annual rate of 4.02 million in March, NAR reported.
Softwood Lumber Board Releases 2024 Annual Report
In 2024, the SLB continued to target investments across its key program areas of codes, communications, conversions, and education.
Canadian Rail Cargo Volumes in February at Lowest Level Since 2019
The volume of cargo reached 26.7 million tons in February, down 12.9% year-over-year—the steepest annual decline in three years.
US Mortgage Rates Trend Lower in the Week Ending April 24
The 30-year fixed-rate mortgage averaged 6.81%, down from last week when it averaged 6.83%, Freddie Mac reported.
US Mortgage Application Payments Decrease in March
The national median payment applied for by purchase applicants fell from $2,205 in February to $2,173 in March, MBA reported.