Compared to the initial, 2016, Canadian Forest Industries Contractor Survey and the subsequent B.C. provincial governments Logging Contractor Sustainability Review, which outlined proposals to improve relationships between the contractors and mills, things, at least on the surface appear to be much better in 2020.
Wood Markets News
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.
Arbor Forest Products U.K. Expanding its North Lincolnshire Premises with Advanced Planning Line
Arbor Forest Products, a leading timber importer and timber products manufacturer has announced that it is investing £6 million in expanding its North Lincolnshire premises to incorporate what is set be one of the most advanced sawmill planning lines in the UK.
New Best Wood Schneider Sawmill in Messkirch Germany to Feature Valutec OTC Continuous Kilns
Best Wood Schneider has announced they are investing approximately 80 million Euros in a greenfield sawmill project in Messkirch Germany. When completed in early 2022, the mill will be one of Europe’s most modern sawmills with an annual capacity of 200,000 m3 or 85,000 MBF of sawn lumber.
Mortgage Applications Increased 3.9% in Week Ending November 20th, 2020
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending November 20th, 2020, the Market Composite Index, a measure of mortgage loan application volume, increased 3.9% on a seasonally adjusted basis from one week earlier.
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.
US Department of Commerce Announces New Antidumping and Countervailing Duty Rates
US Department of Commerce releases final determination for the first administrative review in antidumping duty and countervailing duty investigations.
Factory_OS Attracts Investments for Offsite Construction Facility from Technology and Investment Firms
Factory_OS receives $55 million from variety of technology and investment firms.
Stora Enso Receives Approval to Produce Cross Laminated Timbers for US Market
Stora Enso receives approval to sale CLT panels produced in it’s Austrian mill to the US.
Home Prices Jump 7% Higher in September According to Latest S&P CoreLogic Case-Shiller Report
Home prices jump higher due to stronger demand from buyers seeking more space due to coronavirus pandemic.