West Frasier announced on Monday, March 29, 2021 operational updates on their Dudley, Georgia lumber mill and Chambord, Quebec OSB mill. The Company’s OSB mill in Chambord has completed commissioning and panels are now being produced and shipped to customers.
Segezha Group, which is wholly owned by Sistema, is Russia’s leading wood processing holding company, and it has just started Russia’s first cross-laminated timber (CLT) panels plant in Sokol, Vologda region, 500 km northeast of Moscow.
According to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index report, which covers all nine U.S. Census divisions, home prices gained 11.2% in January (on an annual basis), up from 10.4% increase in December 2020. The 10-City Composite annual increase came in at 10.9%, up from 9.9% in the previous month.
According to the latest Federal Housing Finance Agency’s House Price Index (FHFA HPI®), house prices rose nationwide in January, up 1.0% from the December 2020 reading. Year-over-year house prices have increased 12.0% (January 2020 to January 2021).
The Conference Board, a non-partisan, not-for-profit think tank founded in 1916, released today (2-23-21) their Consumer Confidence Index® (CCI), which surged in March to its highest reading in a year after a modest increase in February.
The latest Mortgage Banker Association’s (MBA) Forbearance and Call Survey reports that the total number of loans now in forbearance decreased by 9 basis points from 5.05% of servicers’ portfolio volume in the prior week to 4.96% as of March 21, 2021.
The $100 million (A$) student accommodation project at La Trobe University, Bundoora campus, in north-east Melbourne Australia has been completed. The project, with 624-beds across two separate six-level buildings, marks the largest single investment in La Trobe University’s 50-year history.
Metsä Fibre, a part of Metsä Group, is reporting that the foundation stone has been laid and work continues at the site of their new sawmill in Rauma, Finland. Due to the coronavirus all of the stonework was done without any external participants.
According to the New Zealand Timber Industry Federation (NZTIF), a flourishing domestic timber market for residential building and outdoor use has the countries lumber mills struggling to keep up current demand. One producer has gone so far as to completely stop supplying structural timber to some retailers. To meet the surge in domestic demand, some mills are diverting timber set for export back into domestic use.
The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) has released the February 2021 State Employment and Unemployment report. This news release presents statistics from two monthly programs. The civilian labor force and unemployment data are modeled based largely on a survey of households. According to the BLS, unemployment rates were lower in February in 23 states and D.C., higher in 4 states, and stable in 23 states.