Wood Markets News

Mortgage Payments Rise Modestly Month-Over-Month in May 2022

The Mortgage Bankers Association (MBA) reported on Thursday that, according to its Purchase Applications Payment Index, which measures how new monthly mortgage payments vary across time (relative to income) using data from MBA’s Weekly Applications Survey, homebuyer affordability was mostly unchanged in May.

Uniboard Canada Inc. Investing $250 Million in New State-Of-The-Art Particleboard Press Line at Its Val-D’Or, Quebec, Facility

Uniboard Canada Inc., a leading North American manufacturer of engineered wood products, announced on Tuesday that it was investing $250 million (CAD) in a new state-of-the-art particleboard press line at its Val-d’Or, Quebec, plant. The new continuous press will feature the latest in particleboard production technology.

Pacific Woodtech to Acquire LP Building Solutions’ Engineered Wood Products Business and SolidStart® Brand

LP Building Solutions (LP) today announced an agreement with Pacific Woodtech to acquire LP’s engineered wood products business for $210 million. The acquisition includes LP’s laminated veneer lumber and I-joist manufacturing facilities in three states/provinces, associated timber license assets, and the SolidStart® brand.