In an interview with Houston Today, Canfor’s senior vice president of Canadian operations said that Canfor would not be making a crucial decision on whether or not to replace its closed Houston sawmill until the end of July.
Wood Markets News
Nova Scotia’s Forestry Innovation Transition Trust Announces Funding for Two New Projects
Trustees of the Forestry Innovation Transition Trust (FITT) announced two more projects, totaling more than $2.5 million (CAD), have been approved. “The projects, together with previously funded projects, are helping to strengthen the sector and ensure it’s sustainable for the long term.”
Buyer Preference for Newly Constructed Homes Changed Little From 2022Q4 to 2023Q1
According to results released by the National Association of Home Builders Housing Trends Report, prospective buyers’ interest for new home construction was essentially unchanged between 2022Q4 and 2023Q1. The share of potential buyers looking to buy a newly built home inched up from 20% to 21%.
Mortgage Applications Increase in the Week Ending April 21st
According to data from the Mortgage Bankers Association’s Weekly Mortgage Application Survey for the ending April 21st, the Market Composite Index increased 3.7% on a seasonally adjusted basis from one week earlier.
Kronospan Announces Construction of a New, State-of-the-Art OSB Mill in Oxford, Alabama
Kronospan announced Tuesday that it will begin construction of a new, state-of-the-art oriented strand board (OSB) manufacturing plant to be located on its 460-acre site in Oxford, Alabama.
Entekra to Be Closed and Dissolved by End of June
Entekra announced on April 17th that it is being dissolved, according to a report by The Modesto Bee. Consequently, 138 workers will be losing their jobs.
US New Residential Home Sales Rise 9.6% Month-Over-Month in March
The US Census Bureau and the Department of Housing and Urban Development jointly announced that new residential single-family home sales for March were at a SAAR of 683,000. This is 9.6% above the revised February rate of 623,000.
Fire Heavily Damages Hood Industries’ Bogalusa, Louisiana, Sawmill
4WWL TV reported Monday that a massive fire broke out on Sunday evening at Hood Industries’ sawmill facility located in Bogalusa, Louisiana. It took more than 15 different fire departments and over 100 firefighters to extinguish the blaze.
FHFA House Price Index Increased Month-Over-Month and Year-Over-Year in February
The Federal Housing Finance Agency reported Tuesday its House Price Index (HPI®) for February. US house prices rose 0.5%, seasonally adjusted, between January and February. Year-over-year, house prices rose 4.0%.
S&P CoreLogic Case-Shiller US Home Price Index Posts Annual Gain in February
On Tuesday, S&P Dow Jones Indices released its S&P CoreLogic Case-Shiller US National Home Price NSA Index for February. Home prices experienced a 2.0% annual gain, down from a 3.7% annual gain in January.