Pending home sales fell 4.5% in December on a seasonally adjusted basis, the largest decline since October 2022, Redfin reported.
Wood Markets News
US Nonresidential Construction Input Costs Decline 0.2% in December
Nonresidential construction input prices decreased 0.2% in December, the BLS and ABC reported.
US Housing Starts Rise in December, While Permits and Completions Decline
Privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,499,000, 15.8% above the revised November estimate.
San Group Assets, Including Port Alberni Sawmills, Up for Sale Amid Creditor Protection
Most of the San Group’s assets are going up for sale in a bid to recoup about CA$150 million for creditors under a process led by a court-appointed monitor, The Times Colonist reported.
Commonwealth Plywood’s Sawmill in Rapides-des-Joachims, QC, Faces Uncertain Future
The Pontiac Journal reported that Commonwealth Plywood has continued operations in 2025, despite being slated for closure in December.
Woodgrain to Acquire Kelleher Corporation
Woodgrain, a manufacturer and distributor of millwork and building materials, has entered into an asset purchase agreement to acquire Kelleher Corporation.
Canadian Housing Starts Decline 13% in December
Housing starts for all areas in Canada decreased 13% in December (231,468 units, SAAR), CMHC reported.
Mortgage Applications for New US Home Purchases Decline 3% in December
Mortgage applications for new-home purchases declined 3%, unadjusted, in December, MBA reported.
New Forests Secures AU$600 Million for Its Australia New Zealand Landscapes and Forestry Fund
New Forests announced the final close of the Fund, raising approximately AU$600 million from institutional investors from across Europe and Asia-Pacific.
BC Awards CA$5.1 Million to Support Forest Products Manufacturing
BC is contributing CA$5.1 million through the BC Manufacturing Jobs Fund toward seven forest-sector capital projects and five planning projects.