Wood Markets News


Resolute Forest Products Receives Block Grant to Buy Equipment and Restart El Dorado Arkansas Mill

Resolute Forest Products is the recipient of a Community Development Block Grant (CDBG) through the Arkansas Economic Development Commission (AEDC) for the purpose of purchasing equipment for a formerly owned by Conifex and Georgia Pacific sawmill in El Dorado Arkansas, that ceased operations in August 2019 and which Resolute purchased in February of 2020.

Scottish Timber Initiative Receives Funding to Prove Business Case for Using Scottish Timber in Building Structures

A consortium of partners, comprising of Construction Scotland Innovation Centre (CSIC), Edinburgh Napier University (ENU) Centre for Offsite Construction and Innovative Structures (COCIS), Scottish Forestry, Confederation of Forest Industries (Confor), and SNRG – have secured funding from Innovate UK’s Sustainable Innovation Fund to prove the business case for using Scottish timber to create the structural elements of buildings.

The Federal Housing Finance Agency Announces New Higher Maximum Conforming Loan Limits in 2021 for Fannie Mae and Freddie Mac Mortgages

The Federal Housing Finance Agency (FHFA) announced on Tuesday (11/24) that the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021. In most of the U.S., the 2021 maximum conforming loan limit (CLL) for single-unit properties will be $548,250, an increase from the 2020 CLL of $510,400.