Privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,499,000, 15.8% above the revised November estimate.
Wood Markets News
San Group Assets, Including Port Alberni Sawmills, Up for Sale Amid Creditor Protection
Most of the San Group’s assets are going up for sale in a bid to recoup about CA$150 million for creditors under a process led by a court-appointed monitor, The Times Colonist reported.
Commonwealth Plywood’s Sawmill in Rapides-des-Joachims, QC, Faces Uncertain Future
The Pontiac Journal reported that Commonwealth Plywood has continued operations in 2025, despite being slated for closure in December.
Woodgrain to Acquire Kelleher Corporation
Woodgrain, a manufacturer and distributor of millwork and building materials, has entered into an asset purchase agreement to acquire Kelleher Corporation.
Canadian Housing Starts Decline 13% in December
Housing starts for all areas in Canada decreased 13% in December (231,468 units, SAAR), CMHC reported.
Mortgage Applications for New US Home Purchases Decline 3% in December
Mortgage applications for new-home purchases declined 3%, unadjusted, in December, MBA reported.
New Forests Secures AU$600 Million for Its Australia New Zealand Landscapes and Forestry Fund
New Forests announced the final close of the Fund, raising approximately AU$600 million from institutional investors from across Europe and Asia-Pacific.
BC Awards CA$5.1 Million to Support Forest Products Manufacturing
BC is contributing CA$5.1 million through the BC Manufacturing Jobs Fund toward seven forest-sector capital projects and five planning projects.
US Builder Confidence Inches Higher in January
Builder sentiment in the market for newly built single-family homes rose in January, according to the NAHB/Wells Fargo Housing Market Index.
US Remodeler Sentiment Trends Higher in Q4
The NAHB/Westlake Royal Remodeling Market Index posted a reading of 68 in Q4, a 5-point gain from the previous quarter.