Boston University unveiled designs for a new academic building that would become the tallest mass timber tower in Massachusetts, Bankers & Tradesman reported.
Wood Markets News
US National Interagency Fire Center Wildfire Update as of February 14
Five large new wildfires were reported this week, with three of these fires contained.
US Existing-Home Supply at 2020 High, Sales at 2020 Low
Homebuyers have the most options since 2020, but few are biting because of high monthly payments, Redfin reported.
US Mortgage Rates Inch Lower in the Week Ending February 13
The 30-year fixed-rate mortgage averaged 6.87%, down from last week when it averaged 6.89%, Freddie Mac reported.
Southern Pine Lumber Exports Fall 2.2% in December
Southern pine exports (both treated and untreated) totaled 565.7 MMBF in 2024, an 11% increase compared to 2023, the SFPA and USDA reported.
NAHB Multifamily Market Survey Shows Mixed Results for Q4
The NAHB Multifamily Market Survey’s Multifamily Production Index (MPI) increased 7 points year-over-year to a reading of 48, still below the break-even point of 50.
US Producer Price Index for Final Demand Up 3.5% Year-Over-Year in January
The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.4% in January.
US Weekly Initial Jobless Claims Decline in the Week Ending February 8
The advance figure for seasonally adjusted initial unemployment claims was 213,000, a decrease of 7,000 from the previous week’s revised total.
Canfor Opens New State-of-the-Art Sawmill in Axis, AL
Canfor Southern Pine recently held an opening ceremony for its new $210 million state-of-the-art sawmill complex in Axis, Alabama, WALA reported.
Georgia-Pacific Plans Upgrades to Its Prosperity, SC, Plywood Complex
Georgia-Pacific announced that it will invest $14 million dollars to upgrade its Prosperity, South Carolina, plywood facility.