Building material prices rose 3.4% year-over-year in February, the BLS and NAHB reported. The goods component increased 3.0%, while services rose 4.2%.
Wood Markets News
BC Approves Tenure Transfer From Weyerhaeuser to Gorman Group
BC approved the transfer of forest tenures from Weyerhaeuser to Gorman Group, completing a $120 million investment and expanding its fiber supply.
US New-Home Purchase Mortgage Applications Fall in February
Mortgage applications for new-home purchases decreased 1% in February, MBA reported.
Tla’amin Nation to Acquire Western Forest Products Tree Farm License in BC
Tla’amin Nation agreed to acquire a Tree Farm License in BC from Western Forest Products.
Grafton Group to Acquire Ireland Timber Frame Supplier Cygnum
Grafton Group agreed to acquire Ireland-based timber frame supplier Cygnum, expanding its offsite construction capabilities.
US New Single-Family Home Sales Drop in January
New residential single-family home sales were at a seasonally adjusted annual rate of 587,000 in January, down 17.6% from December 2025.
US Multifamily Built-For-Rent Housing Starts Increase Year-Over-Year in 2025Q4
Multifamily built-for-rent housing starts rose 18% year-over-year to 91,000 units in 2025Q4, accounting for 95% of all multifamily construction activity.
Oregon Reports Nearly 2 Million Seedlings Already Planted This Year
The Oregon Department of Forestry has planted nearly 2 million seedlings so far this year, with mild weather accelerating reforestation efforts.
Lumin Plywood Mill in Uruguay Nears Completion
Lumin’s $136 million plywood mill in Uruguay is nearing completion, with commissioning underway and startup planned for July, adding 164,000 cubic meters of capacity.
US Mortgage Rates Rise in the Week Ending March 19
The 30-year fixed-rate mortgage averaged 6.22%, up from 6.11% the previous week, Freddie Mac reported.