Wood Markets News


Structurlam’s Conway, Arkansas Plant Right on Schedule and Budget to Meet Walmart Campus Project

Canadian-based Structurlam Mass Timber Corp. announced in December 2019 that it would invest $90 million to buy, retrofit, and equip a former steel plant in Conway, Arkansas. In a recent interview, Hardy Wentzel, Structurlam CEO is reporting, “We are trending right on track with our project schedule, our budget is working out well, and our staffing plans are where they need to be at this point.”

Weekly Jobless Claims Unexpectedly Move Higher in the Week Ending June 12, 2021

The U.S. Department of Labor is reporting that an additional 412,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, June 12, 2021 — an increase of 37,000 from the previous week’s revised level. The 4-week moving average was 395,00, which is a decrease of 8,000 from the previous week’s revised average.

National Association of Realtors Report Calls for a Once-In-A-Generation Response to U.S. Housing Supply Shortage

According to a report released today (6-16-21) by the National Association of Realtors® (NAR) and authored by the Rosen Consulting Group, decades of underinvestment and underbuilding have created a shortage of housing in the U.S. that is more direct than previously anticipated and will require a concerted and long-term nationwide commitment to overcome.

Mortgage Applications Increase 4.2% in the Week Ending June 11, 2021

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending June 11, 2021, the Market Composite Index — a measure of mortgage loan application volume — increased by 4.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 15% compared with the previous week.