Wood Markets News


U.S. International Trade Commission Determines Wood Mouldings and Millwork from China are Being Sold at Less Than Fair Value

The United States International Trade Commission (USITC) on Friday 22nd January 2021 determined that a U.S. industry is materially injured by reason of imports of wood mouldings and millwork products from China, that the U.S. Department of Commerce (Commerce) has determined are subsidized and sold in the United States at less than fair value.

Mortgage Delinquencies End 2020 3.4 million Higher

According to Black Knight, a provider of innovative, high performance software, data and analytics for mortgage and home equity lending and servicing, the final mortgage delinquency tally for December reveals that at year’s end, 1.54 million more delinquent and 1.7 million more seriously delinquent mortgages were being reported than at the start of 2020.

Existing Home Sales at Highest Level Since 2006

The National Association of Realtors® (NAR) reports that total existing home sales, completed transactions that include single-family homes, townhomes, condominiums, and co-ops increased 0.7% from November 2020, to a seasonally adjusted annual rate of 6.76 million in December.

Milan Lumber Company Announces Modernization Plans to Start in April

Milan Lumber Company, LLC, located in Milan, New Hampshire, has announced a $10 – $12 million dollar modernization plan that will make the plant safer, more efficient and hopefully more profitable. The company plans on commencing work in April, and that work will include the revamping of the planning mill and getting an additional drying kiln in operation by the fall.