Arbec temporarily restarted its Port-Cartier, QC, sawmill to process previously harvested logs and supply wood residues to local facilities, Radio-Canada reported.
Wood Markets News
US New-Home Purchase Mortgage Applications Decrease in April
Mortgage applications for new-home purchases decreased 2.4% in April and were down 10.0% from a year earlier, MBA reported.
Value of Canadian Building Permits Rises in March
The total value of Canadian building permits rose 10.3% to CA$13.5 billion in March, but residential intentions were down 3.3%.
US Mortgage Applications Decline in the Week Ending May 15
Mortgage loan application volume decreased 2.3% on a seasonally adjusted basis from one week earlier, MBA reported.
US and BC Pledge Continued Wildfire Cooperation Despite Pressures
US and BC wildfire agencies said mutual aid agreements remain intact despite pressures, CBC News reported.
LANA and Etorki Cooperatives Merge to Form Major Southern European Sawmill Operation
Spanish cooperatives LANA and Etorki merged to expand radiata pine processing and raise annual sawn timber capacity to 300,000 cubic meters.
US Pending Home Sales Rise in April
US pending home sales rose 1.4% month-over-month and were up 3.2% year-over-year in April, NAR reported.
Canfor Subsidiary Vida to Close Two Sawmills in Southern Sweden
Canfor subsidiary Vida AB will permanently close two sawmills in southern Sweden, reducing annual lumber production capacity by 265,000 cubic meters.
Canadian Consumer Price Index Rises 2.8% Year-Over-Year in April
Canada’s CPI rose 2.8% year-over-year in April, up from 2.4% in March, as higher gasoline prices pushed headline inflation higher.
US Forest Service Invests More Than $80 Million in Forest Conservation Projects
The USFS will invest more than $80 million in 15 Forest Legacy projects aimed at conserving over 34,000 acres of privately owned working forests.