Australia and New Zealand launched a joint forest valuation standard, consolidating frameworks and setting a unified approach for plantation and native forests.
Wood Markets News
Greenply Specialty Panels Breaks Ground on Second MDF Line in India
Greenply Specialty Panels has broken ground on a second MDF line in Vadodara, India, ET Manufacturing reported.
Helsinki’s Mass Timber Pavilion Dismantled for Relocation and Reassembly
Helsinki’s 2,000-square-meter mass timber pavilion is being dismantled and relocated after four years.
US National Interagency Fire Center Wildfire Update for March 27
22 large fires are actively burning across the country. Year-to-date, 1,510,973 acres have been burned.
US Mortgage Application Payment Index Falls in February
The national median mortgage payment fell to $2,061 in February from $2,070 in January, as affordability improved modestly, MBA reported.
Rising Fuel and Materials Costs Weigh on Construction Profitability
Diesel prices jumped 42.3% to $5.29 per gallon, while construction materials costs hit a near-term high, ConstructConnect reported.
US Commercial and Multifamily Mortgage Debt Outstanding Rises in 2025Q4
Commercial and multifamily mortgage debt outstanding rose 1.5% to $4.99 trillion in 2025Q4, MBA reported.
University of Michigan Releases Final Results of Its Consumer Sentiment Index for March
The Index of Consumer Sentiment fell to 53.3 in March, down 5.8% from February and 6.5% from a year ago.
European Parliament Backs EU–US Trade Deal
European Parliament lawmakers approved legislation to implement an EU–US trade deal first proposed last July, the BBC reported.
US Forest Service Chief Outlines Plan to Streamline Agency Policy
The US Forest Service plans to streamline policies, reduce red tape, and shift guidance to non-binding handbooks under a new modernization strategy, Chief Schultz said.