Wood Markets News


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.

Remodeler Confidence Remained High in Q4 2020

The National Association of Home Builders’ (NAHB) is reporting in their Q4 2020 Remodeling Market Index (RMI) had a reading of 79. The reading shows remodelers’ strong confidence in their markets, for projects of all sizes, in spite of the ongoing negative impacts from the COVID-19 pandemic.

Charred Timber from Woodhead Wildfire in Idaho to Help Fund Idaho Schools

The Woodhead Fire, near Council Idaho, which started from unknown causes on September 7th, 2020, had not even been partially contained before the Idaho Department of Lands forestry team, knowing that for a limited time blackened timber still have a value, began evaluating the potential for selling burned trees as salvage sales.