Wood Markets News


Mortgage Applications Increase 2.1% in Week Ending May 7, 2021

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey for the week ending April 30, 2021, the Market Composite Index, a measure of mortgage loan application volume, increased 2.1% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 2% compared with the previous week.

Structurlam Mass Timber Corp. Prepares for the Opening of Their Newest Laminated-Timber Production Facilities in Conway, Arkansas

Structurlam Mass Timber Corp. has announced that they are on schedule for a June 1, 2021 opening of one of the world’s largest laminated-timber production facilities in Conway, Arkansas. The Conway facility will be the largest mass-timber producer in North America and joins the manufacturing plant that Structurlam has been operating in British Columbia for about 60 years.

Job Opening and Labor Turnover Survey for March 2021

The U.S. Bureau of Labor Statistics (BLS) today (5-11-21) reported its Job Opening and Labor Turnover Survey (JOLTS) for March 2021. According to the JOLTS report, as of the last business day in March, the number and rate of job openings reached a series high of 8.1 million (+597,000) or +5.3%.

Fire Destroys New Sawmill in Northwestern Wisconsin

Firefighters from seven different communities’ departments spent five hours on Saturday (5-8-21) battling a fire in a new sawmill just outside the City of Cornell Wisconsin. According to Cornell Area Fire Department’s Assistant Chief Matt Boulding, the building, and its contents are a total loss.