According to the U.S. Bureau of Labor Statistics (BLS) report released today (2-10-2021) the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% on a seasonally adjusted basis. The all-items index rose 1.4% for the 12 months ending January 2021.
Wood Markets News
Mortgage Applications Decreased 4.1% in First Week of February
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, the Market Composite Index, a measure of mortgage loan application volume, decreased -4.1% on a seasonally adjusted basis from one week earlier.
Interfor to Acquire Summerville South Carolina Sawmill from WestRock Company
Interfor Corporation announced on Tuesday (2-9-21), that they had reached an agreement to acquire WestRock Company’s, Summerville South Carolina sawmill facility for $59 million (USD).
Tulloch Timber (Nairn) Ltd., Receives Highland and Island Enterprise Investment
Tulloch Timber (Nairn) Ltd., a family based sawmiller of Scottish Softwoods, has been awarded a Highlands and Islands Enterprise (HIE) investment of £35,858, that will be used to help support their expansion project.
Mortgage Bankers Associations Reports Mortgage Credit Availability Increased in January
According to a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool, mortgage credit availability increased in January.
Construction Job Openings End 2020 Lower
The U.S. Bureau of Labor Statistics (BLS) has reported that the unemployment rate fell by 0.4% point to 6.3% in January, while nonfarm payroll employment changed little (+49,000).
Shares of Mortgages in Forbearance Decrease Slightly in Week Ending January 31st, 2021
The latest Mortgage Banker Association’s (MBA) Forbearance and Call Survey reports that the total number of loans now in forbearance decreased by 3 basis points from 5.38% of servicers’ portfolio volume in the prior week to 5.35% as of January 31, 2021.
Job Opening and Labor Turnover Survey for December 2020
The U.S. Bureau of Labor Statistics (BLS) has posted its Job Opening and Labor Turnover Survey (JOLTS) for December 2020. According to the JOLTS report, as of the last day in December, the number of job openings was little changed at 6.6 million and 4.5% respectively.
Blue Wolf Capital Partners LLC Announces Their Investment in Vicksburg Forest Products LLC
Blue Wolf Capital Partners LLC, a New York based private equity firm, announced today (2-8-21) that it has made an investment in Vicksburg Forest Products, LLC (VFP) a manufacturer of Southern Yellow Pine lumber products at their sawmill facility in Vicksburg, Mississippi.
Pressure Treated Wood Waste Disposal Solution for California Emerges
In January, the governor’s veto of California Assembly Bill 68, resulted in treated wood waste having to be disposed of in a Class 1 Hazardous Waste Landfills. Needless to say, it took the industry and end users by surprise.