Södra is launching three new long-term collaboration agreements: a Forest Owner Agreement, Management Agreement, and Supply Agreement.
Wood Markets News
Number of US Mortgage Loans in Forbearance Declines in December
The total number of loans in forbearance declined from 0.50% of servicers’ portfolio volume in November to 0.47% in December, MBA reported.
US Existing-Home Prices Increase 5.4% Year-Over-Year in December
US home prices grew 0.4% in December on a seasonally adjusted basis, slightly faster than the 0.5% growth posted in November, Redfin reported.
Washington Commissioner of Public Lands Announces 6-Month Pause on Timber Harvesting in Mature Forest Complexes
Washington Commissioner of Public Lands Dave Upthegrove announced a six-month pause on DNR timber harvests in certain structurally mature forest complexes.
Canada Announces Funding for Reforestation Project in the Ogoki Forest in Ontario
The Canadian government is investing almost $900,000 (CAD) in a reforestation project in the Ogoki Forest, Northern Ontario Business reported.
Investment in Canadian Building Construction Slips in November
Total investment in building construction decreased 0.5% to $21.4 billion (CAD) in November, following a 1.1% decline in October.
US Pending Home Sales Declined in December, Redfin Reports
Pending home sales fell 4.5% in December on a seasonally adjusted basis, the largest decline since October 2022, Redfin reported.
US Nonresidential Construction Input Costs Decline 0.2% in December
Nonresidential construction input prices decreased 0.2% in December, the BLS and ABC reported.
US Housing Starts Rise in December, While Permits and Completions Decline
Privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,499,000, 15.8% above the revised November estimate.
San Group Assets, Including Port Alberni Sawmills, Up for Sale Amid Creditor Protection
Most of the San Group’s assets are going up for sale in a bid to recoup about CA$150 million for creditors under a process led by a court-appointed monitor, The Times Colonist reported.