When the Verso Corp. paper mill in Duluth closed its doors this summer, the northern Minnesota area took an economic hit.
Wood Markets News
China’s New Home Price Increases Slowed in November
Official data from China’s National Bureau of Statistics (NBS) reveals that new home prices in 70 of China’s major cities continued to cool in November.
The Share of Mortgage Loans in Forbearance Decreases Modestly in the Week Ending December 6th, 2020
The latest Mortgage Banker Association’s (MBA) Forbearance and Call Survey reports that the total number of loans now in forbearance decreased from 5.54% of servicers’ portfolio volume in the prior week to 5.48% as of December 6th, 2020.
American Wood Council Praises the Passage of rec National Defense Authorization Act
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).
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.