Roseburg Forest Products announced on Friday that it intends to permanently cease operations at its Taylorsville, Mississippi, particleboard plant on August 21st, 2023.
Wood Markets News
US Builder Sentiment Up for Sixth Consecutive Month in June
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reported that builder sentiment in the market for newly built single-family homes increased 5 points in June to a reading of 55. This marks the sixth consecutive monthly gain.
BC Provincial Government to Support New Mass Timber Production Facility in Williams Lake
The BC Provincial Government will support the establishment of a new mass-timber production facility in the William Lake, BC, community. BC will contribute as much as $10 million (CAD) to Massive Canada to build and start operations.
Canadian Wildfire Situation Eases Slightly, But Risk Continues With 400 Wildfires Still Burning
The Canadian Press and CKPGToday are reporting that as of Monday morning, there are currently 420 wildfires burning in nine provinces and two territories within Canada. Of those 420 wildfires, more than 200 continue to burn out of control.
Canadian Industrial Product Price Index and Raw Materials Price Index Both Decline in May
The prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), declined 1.0% month-over-month in May. Year-over-year, prices were 6.3% lower. This marks the largest year-over-year decline since October 2009.
Mercer Reopens Former Structurlam Mass Timber Facility in Conway, Arkansas
The Northwest Arkansas Democrat Gazette reported that production at the former Structurlam mass timber plant located in Conway, Arkansas, resumed on Thursday, June 15th.
Available US Homes for Sale Drop 6% Year-Over-Year in the Four-Week Period Ending June 11th
Redfin reported that the total number of US homes for sale dropped 6% year-over-year during the four weeks ending on June 11th. This marks the largest decline in 13 months.
US Building Materials Costs Continued to Decline in May
The prices of goods used in residential construction ex-energy and not seasonally adjusted declined 0.1% in May, following a 0.2% decline in April. Year-to-date, the index has gained 0.3%.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for June
The Index of Consumer Sentiment rose to a reading of 63.9 in June, up from 59.2 in May. This is a month-over-month increase of 7.9% and up 27.8% year-over-year (50.0 in June 2022).
US National Interagency Fire Center Wildfire Update for the Week Ending June 16th
As of Friday, June 16th, 10 large wildfires have burned 80,000 acres in seven states. During the week, one large new wildfire was reported in North Carolina and another in Oregon. Since January 1st, 21,305 wildfires have burned 644,918 acres.