The Fannie Mae Economic and Strategic Research Group projects total home sales at 4.73 million units in 2025 and 5.08 million in 2026.
Wood Markets News
BC Lowers Allowable Cut for TFL 49 in the Thompson-Okanagan Region
BC has reduced the allowable annual cut for TFL 49 to 150,500 cubic meters, a 26.2% cut reflecting wildfire impacts, updated land base data, and sustainability priorities.
Canadian Rail Carloadings Slip in September
Canadian railways moved 31.3 million tons of freight in September, down 0.7% from a year earlier, as cross-border traffic fell sharply.
Australia’s Associated Kiln Driers to Close Its Yarram Sawmill in Gippsland
AKD, Australia’s largest softwood producer, will close its Yarram sawmill as weak demand and rising costs persist, shifting production to four larger sites.
SLB and USDA Expand Mass Timber Accelerator Program to Portland, OR, and Santa Monica, CA
The SLB and Forest Service are expanding the Accelerator Cities Program to Portland and Santa Monica to advance affordable, low-carbon mass timber development.
UPM Launches Spruce LNG Plywood for Expanding Carrier Market
UPM launched WISA-LNG Spruce plywood for LNG carrier insulation systems, expanding supply options and production capacity as global transport demand grows.
US Construction Employment Rises in September
US construction employment rose by 19,000 in September, with gains in both residential and nonresidential sectors, the BLS and NAHB reported.
Shawano County, WI, Sawmill to Reopen and Expand With USDA Loan
TPCE will reopen and expand the former Hoffman Wood Fiber sawmill in Shawano County with an $800,000 USDA loan, WAOW reported.
US Wood Pellet Exports Decline in August
US wood pellet exports totaled 894,320.3 metric tons in August, down from July but above year-ago levels, the USDA and Biomass Magazine reported.
University of Michigan Releases Final Results of Its Consumer Sentiment Index for November
The Index of Consumer Sentiment fell to 51.0 in November, down 4.9% from October and 29.0% from a year ago.