According to Houston Today, Pleasant Valley Remanufacturing is halting operations following Canfor’s closure of its Houston Sawmill facility earlier this spring. Pleasant Valley does not have timber of its own and relies on larger primary producers, such as Canfor.
Wood Markets News
Acquisition, Development, and Construction Financing Costs Climbed Higher in Q1
According to the recently released National Association of Home Builders (NAHB) quarterly Survey on Acquisition, Development, and Construction (AD&C) Financing, while mortgage rates were stabilizing during 2023Q1, rates on AD&C continued to climb higher.
S&P CoreLogic Case-Shiller US Home Price Index Posts Annual Gain in March
The S&P CoreLogic Case-Shiller US National Home Price NSA Index experienced a 0.7% annual gain in March, down from a 2.1% gain in February and a 3.7% gain in January. The 10-City Composite posted a 0.8% decline.
The Conference Board’s Consumer Confidence Index Declines in May
The Conference Board CCI Index declined in May to a reading of 102.3 (1985=100), down from an upwardly revised April reading of 103.7. The Present Situation Index decreased to a reading of 148.6, down from April’s reading of 151.8.
Russian Timber Exports Continued to Decline in Q1 2023
Foreign sales of Russian timber have continued to decline in the first quarter of 2023, dropping by over 20 percent […]
Out of Control Wildfire Northwest of Halifax Nova Scotia has Caused the Evacuation of Thousands of Residents
The Canadian Broadcasting Company (CBC) reported on Monday (5-29-23), that a wildfire is still burning out of control northwest of […]
Ontario Announces Creation of the Forest Biomass Program
With a goal of strengthening the economy and promoting innovation in the forest sector, the Ontario Provincial Government announced on […]
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.