The American Wood Council (AWC), a voice for the North American wood products manufacturing, representing 86% of the structural wood products industry, is applauding the passage of the rec National Defense Authorization Act (NDAA).
Wood Markets News
Canadian Housing Starts Up in November
According to Canada Mortgage and Housing Corporation (CMHC) the trend, which measures a six-month moving average of the monthly seasonally adjusted annual rates (SAAR), in housing starts was 231,491 units in November 2020, up from 222,989 units in October 2020.
Independent Panel Finds Ukraine’s 2015 Ban of All Unprocessed Wood into the EU Illegal
Panel rules Ukraine’s ban of unprocessed wood exports violates EU-Ukraine bilateral trade agreement.
Idaho Forest Group Announces New Lumber Mill in Mississippi
IFG plans to build new, large-scale softwood lumber mill in southern Mississippi. Operations are expected to begin in mid-2022.
Norbord to Restart Chambord Quebec OSB Mill in Spring of 2021
Norbord, in a press release today (12/14), announced as part of their flexible operating strategy and in response to increased customer demand that they intend to restart production at their Chambord, Quebec OSB mill in the spring of 2021.
Residential and Nonresidential Construction Input Prices Decline in November
Analysis of the U.S. Bureau of Labor Statistic (BLS) Producer Price Index (PPI) data, provided by the Associated Builders and Contractors (ABC) reveals that construction input prices fell -0.5% in November, when compared to those in October.
More and More Commercial Real Estate Developers and Builders are Turning to Wood
Commercial real estate (CRE) developers and their construction industry partners are constantly on the lookout for new and innovative materials to build with, and many CRE developers have found it . . . Wood.
Huron Central Railway Announces Extension of Drop-Service Deadline to from 12-18-20 to 6-30-21
Citing progress in negotiations with both the provincial and federal governments, the Genesee & Wyoming Canada (GWCI) railroad, the parent company of the Huron Central Railway (HCRY), announced on Friday (12/11) that they were extending their drop-service deadline on the HCRY from 12-18-2020 to 6-30-2021.
Commercial Thinning Comes to B.C. at Willow River Demonstration Forest
The Grove wildfire in the early 1960’s burned a significant portion of what is now called the Willow River Demonstration Forest, located east of Prince George BC. Currently 55-hectares of the 500-hectares demonstration forest in undergoing a process called “commercial thinning.”
Binderholz Group Purchases Klausner Lumber Two LLC in Enfield North Carolina Adding to its US Holdings
All assets of Klausner Lumber Two LLC., located in Enfield, Halifax County, North Carolina were sold in a virtual auction which was held on Thursday, December 10th, 2020. The winning bid of $ 83.4 million was from the Austrian Binderholz Group, who outbid Mayr Melnhof Holz.