Real GDP increased at an annual rate of 2.4% in Q4, following an increase of 3.1% in Q3.
Wood Markets News
US Mortgage Application Payments Unchanged in February
The MBA Purchase Applications Payment Index increased 0.1% to 166.2 in February from 166.1 in January.
US Weekly Initial Jobless Claims Inch Lower in the Week Ending March 22
The advance figure for seasonally adjusted initial unemployment claims was 224,000, a decrease of 1,000 from the previous week’s revised total.
Sculptural Atrium and Stairway Crafted From Curved CLT in Switzerland
The headquarters of construction company Blumer Lehmann in Switzerland illustrates the possibilities of contemporary timber architecture, according to designbloom.
US Mortgage Applications Decline in the Week Ending March 21
Mortgage loan application volume decreased 2.0% on a seasonally adjusted basis from one week earlier, MBA reported.
UK Biofuel Policy Following Brexit Opened Markets for US Wood Pellets
Since Brexit, the UK’s renewable energy strategy has led to increased imports wood pellets, the USDA Economic Research Service reported.
8,700 BMWED Members Ratify New Contract With the National Carriers’ Conference Committee
8,700 members of the BMWED of the Teamsters Rail Conference voted to approve a new contract with the National Carriers’ Conference Committee (NCCC), FreightWaves reported.
Setra Reduces Production in Långshyttan, Sweden
Setra Group will transition its Långshyttan, Sweden, CLT and wood component facility from continuous production to periodic production.
Latvian Forest Company Exploring Sale of Forest Assets in Latvia and Lithuania
Latvian Forest Company AB will explore the market regarding a sale of the company’s forest assets in Latvia and Lithuania.
New US Residential Single-Family Home Sales Rise 1.8% in February
New residential single-family home sales for February were at a seasonally adjusted annual rate of 676,000, 1.8% above the revised January rate.