The advance figure for seasonally adjusted initial unemployment claims was 215,000, a decrease of 1,000 from the previous week.
Wood Markets News
Fire at RFP Lumber in Oroville, CA, Destroys Building and Equipment
An early-morning fire caused an estimated $300,000 in damage at RFP Lumber in Oroville, California, destroying a building and mill equipment, Action News Now reported.
Washington Opens Two Additional Paper Mill Safety Inspections
Washington State opened two additional inspections at kraft pulp and paper mills using the same process as the Nippon Dynawave mill, Insurance Journal reported.
US Mortgage Applications Decline in the Week Ending July 3
Mortgage loan application volume decreased 2.2% on a seasonally adjusted basis from one week earlier, with results adjusted for the July 4 holiday, MBA reported.
Brunswick Creek Wildfire Grows as Evacuations Expand in BC
The Brunswick Creek wildfire grew to 1,230 hectares Monday as evacuation orders expanded and air quality worsened near Boston Bar, BC, CBC reported.
Canfor Completes Acquisition of PinkWood
Canfor completed its acquisition of PinkWood, adding 120 employees and 46 million linear feet of annual I-joist capacity in Calgary, Alberta.
Brooklyn Mass Timber Condo Project Prepares to Open
A seven-story mass timber residential building in Brooklyn’s Williamsburg area is preparing to open and lease, Urbanize reported.
Hood Industries Plans to Close Plywood Mill in Wiggins, MS, by Late August
Hood Industries will permanently close its Wiggins, Mississippi, plywood mill by late August.
Canadian Sawmill Production Falls in April; Shipments Rise
Canadian sawmill production fell 0.3% in April, while shipments increased 1.5%. Production and shipments were both down year-over-year.
UK Plans Deforestation Rules That “Operate Consistently” With EUDR
The UK plans new deforestation rules for Great Britain, covering seven commodities and aligning due diligence requirements with the EUDR, according to Latham & Watkins.