With a goal of strengthening the economy and promoting innovation in the forest sector, the Ontario Provincial Government announced on […]
Wood Markets News
Town of Fuengirola, Spain Unveils its Plan for a New Indoor Environmentally Friendly Marketplace
Fuengirola, a town on the Costa del Sol in southern Spain, has just put out to bid the construction of […]
UPM Fibers Preparing for Temporary Production Adjustments at the Kaukas Pulp and Sawmill and Wood Reception Facility
On Monday (5-29-23), Finnish forest industry company UPM-Kymmene Oyj, announced that its UPM Fibers business area began consultation with employee […]
Maine’s Robbins Lumber Co. Announces Purchase of Two Pleasant River Lumber Co. Sawmills
Bangor, Maine’s WABI News is reporting that Robbins Lumber Company, a family-owned lumber sawmill company with sawmill facilities located in Searsmont and East Baldwin, is expanding.
Mortgage Rates Jump as Potential Debt Ceiling Deal Comes Into Focus
Redfin reported on Thursday that housing payments hit a new high in the week of May 22nd as mortgage rates jumped due to progress on a possible debt ceiling deal.
Oregon Department of Forestry Announces Steep Slope Harvesting Rule Changes and Mandatory Training
The Oregon Department of Forestry issued a bulletin on Friday in regard to the Forest Practice Act (FPA) rule changes that are aimed at providing regulatory certainty and to protect fish and wildlife.
Personal Income, Disposable Income, and Personal Consumption Expenditures All Up in April
Personal income (PI) increased 0.4%, in April; disposable personal income (DPI) increased 0.4%; and personal consumption expenditures (PCE) increased 0.8%.
Apartment Absorption Rate Weakened in 2022Q4
Demand in the multifamily market in 2022Q4 softened as the percentage of apartments absorbed with the first three months of completion fell to 59.0% after six consecutive quarters of being above 60.0%.
University of Michigan Reports Final Results of Its Consumer Sentiment Index for May
The University of Michigan released the final results of its Consumer Sentiment Index for May. The Index of Consumer Sentiment fell to a reading of 59.2 in May, down from a reading of 63.5 in April. This is a month-over-month decline of 6.8%.
US Pending Homes Sales Increase in 3 Out of 4 Regions in April
The National Association of Realtors® reported its Pending Homes Sales Index (PHSI) remained unchanged from March to April, holding steady at a reading of 78.9. Year-over-year, contract signings fell 20.3%.