India-based Century Plyboards, a leading wood products manufacturer, plans to boost its plywood production capacity by approximately 30% over the next 12–15 months with an investment of around ₹140 crore (US$16.7 million), newsonprojects reported (9-12-24).
Wood Markets News
US 30-Year Mortgage Rate Hits Lowest Level Since February 2023
The 30-year fixed-rate mortgage averaged 6.20%, down from last week when it averaged 6.35%, Freddie Mac reported.
Ka:’yu:’k’t’h’/Che:k:tles7et’h’ First Nations Acquire an Interfor Forest License
The Ka:’yu:’k’t’h’/Che:k:tles7et’h’ First Nations have acquired an Interfor forest license, The Campbell River Mirror reported.
Value of Canadian Building Permits Soars 22.1% in July
The total value of building permits in Canada soared 22.1% month-over-month to $12.4 billion (CAD) in July. This follows two consecutive months of declines.
Sierra Pacific Industries Plants Its 300 Millionth Seedling
Sierra Pacific Industries recently announced that it planted its 300 millionth seedling on its timberlands this spring.
US Monthly Housing Payments Retreat to Early-2024 Levels
During the four-week period ending on September 8th, the median US monthly housing payment was $2,558—down nearly to where it was at the start of the year—Redfin reported.
US Producer Price Index for Final Demand Increases 0.2% Month-Over-Month in August
The Producer Price Index (PPI) for final demand, seasonally adjusted, advanced 0.2% in August.
US Weekly Initial Jobless Claims Increase in the Week Ending September 7th
The advance figure for seasonally adjusted initial unemployment claims was 230,000, an increase of 2,000 from the previous week’s revised level.
BC Leaves Allowable Annual Cut for Area South of Terrace Unchanged
BC announced that the allowable annual cut (AAC) level for Tree Farm License 41 south of Terrace will remain at 128,000 cubic meters.
US Consumer Price Index Increases 2.5% Year-Over-Year in August
The CPI-U increased 0.2% on a seasonally adjusted basis. Over the past 12 months, the all-items index increased 2.5% before seasonal adjustment.