Wood Markets News


Builder Sentiment in April Declines for Fourth Consecutive Month

The National Association of Home Builders/Wells Fargo Housing Market Index reported that builder sentiment in the market for newly built single-family homes edged two points lower in April to a reading of 77. The HMI has posted solid reading for the past 6 months, despite declining for the past four consecutive months.

Sinclar Group Announces Production Reductions at 3 Sawmills Due to Fiber Supply and Transportation Issues

Sinclar Group Forest Products Ltd. announced that it will temporarily reduce manufacturing output from 5-days down to 4-days per week at its BC sawmill operations. The production reductions will impact Sinclar’s sawmill operations at Lakeland Mills in Prince George, Nechako Lumber in Vanderhoof, and Apollo Forest Products in Fort St. James.

Apartment Rental Prices Are Up 20% from Pre-Pandemic Levels

According to Realtor.com’s latest Monthly Rental Report, rental prices have grown by nearly 20% nationwide since the beginning of the pandemic (March 2020 to March 2022). Although the underlying reasons have shifted over the course of the pandemic, data suggests that renting remains a popular option for Americans who desire flexibility.

Canadian Federal Government’s Threat to Step in and Protect Quebec’s Woodland Caribou Considered an Overstep by Quebec’s Premier

The Canadian federal government is threatening to act on its own to protect the at-risk woodland caribou and the animals’ habitat in Quebec. Federal Environment Minister Steven Guilbeault gave Quebec until Wednesday, April 20 to provide him with information on how the province intends to protect the woodland caribou and its habitat.