On February 21, the US Department of Commerce initiated the seventh administrative reviews of the antidumping and countervailing duty orders for certain softwood lumber products from Canada.
Wood Markets News
US Single-Family Home Size Increases in Q4
The median single-family square floor area was 2,205 square feet in Q4, the highest reading since mid-2023, the Census Bureau and NAHB reported.
BC Ministry of Forests Details Timber Sales and Wildfire Salvage Plans to RDBN
The BC Ministry of Forests detailed its timber sales and wildfire salvage plans in a presentation to the Regional District of Bulkley-Nechako, Houston Today reported.
US Custom Home Building Sector Improves in Q4
There were modest gains for custom-home builders in Q4, following a period of slight softening of market share, the Census Bureau and NAHB reported.
Cambium Introduces First CLT Product Made From Salvaged Wood
Cambium is launching Carbon Smart Wood for mass timber, the industry’s first CLT product made from salvaged wood.
Isle of Man Plantation Timber Harvesting to Begin in February
A timber harvesting operation is set to begin this month across Isle of Man plantations, marking a significant step in the island’s commercial forestry activities.
US Existing-Home Sales Decline 4.9% in January
Total existing-home sales declined 4.9% to a seasonally adjusted annual rate of 4.08 million in January, NAR reported.
Mortgage Applications for US New-Home Purchases Rise 19.0% in January
Mortgage applications for new-home purchases increased 19.0% in January, MBA reported. Year-over-year, mortgage applications declined 6.0%.
Millari Group Australia to Acquire Juken New Zealand’s Gisborne Facilities
Millari Group Australia has acquired Juken New Zealand’s manufacturing facilities in Gisborne, New Zealand, Australian Rural & Regional News reported.
US Housing Market Gained $2.5 Trillion in Value in 2024
The combined value of US homes gained $2.5 trillion (5.2%) in 2024 to reach $49.7 trillion, Redfin reported.