Gresham House completed its majority acquisition of Molpus Woodlands Group, creating a global timberland platform with about $8 billion in forestry assets.
Wood Markets News
HS Timber Group Completes Acquisition of Swedish Sawmill Malå Såg
HS Timber Group completed its acquisition of Swedish sawmill Malå Såg AB, expanding its presence in Northern Europe.
Brazilian Exports of Wood-Based Products Fall in May
Brazilian exports of wood-based products totaled $284.8 million in May, down 3.5% from a year earlier, ITTO reported.
Arauco MDF Plant in Arkansas Hit by Dust Explosion and Fire
A dust explosion at Arauco’s Malvern, Arkansas, MDF plant sparked a fire on Saturday, drawing about 30 firefighters, the Malvern Daily Record reported.
US Nonfarm Payroll Increases by 57,000 in June; Unemployment at 4.2%
US nonfarm payroll employment rose by 57,000 in June, while the unemployment rate edged down to 4.2%, the BLS reported.
US Mortgage Rates Move Lower in the Week Ending July 2
The 30-year fixed-rate mortgage averaged 6.43%, down from 6.49% the previous week, Freddie Mac reported.
ADP: Private Sector Employment and Pay Increased in June
Private sector employment increased by 98,000 in June, while pay rose 4.4% year-over-year, ADP reported.
US Weekly Initial Jobless Claims Decline in the Week Ending June 27
The advance figure for seasonally adjusted initial unemployment claims was 215,000, a decrease of 1,000 from the previous week.
US Construction Spending Edges Higher in May
US construction spending rose 0.1% in May to a seasonally adjusted annual rate of $2,210.2 billion but was down 1.5% year-over-year.
US Construction Job Openings Increase in May
Construction job openings increased to 298,000 in May from 234,000 in April, the BLS and NAHB reported.