The US Department of Commerce released its final determinations for the fifth Administrative Review in the antidumping and countervailing duty investigations of imports of certain softwood lumber products from Canada.
Wood Markets News
Michigan Forestry Companies Merge to Manage 550,000 Acres Across Michigan and Wisconsin
Two Michigan forestry companies, Green Timber Consulting Foresters and Grossman Forestry Company, announced that they are merging.
US Residential Building Materials Costs Decline in July
The seasonally adjusted PPI for softwood lumber fell 1.04% in July, after rising 3.29% in June.
US Consumer Price Index Increases 2.9% Year-Over-Year in July
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% on a seasonally adjusted basis, after declining 0.1% in June.
Mortgage Applications Increase in the Week Ending August 9th
Mortgage loan application volume increased 16.8% on a seasonally adjusted basis from one week earlier.
Timber Building Inside a Skyscraper Being Built in Sydney, Australia
The world’s largest hybrid building will be “a timber building inside a much, much larger building,” Wood Central reported.
Rockshield Engineered Plywood Plant in Cochrane, ON, Suffers Extensive Fire Damage
The Rockshield Engineered Plywood Plant in Cochrane, Ontario, suffered extensive fire damage on Friday, CTV News reported.
US New-Home Completions Remain Wood-Framed, but Numbers Decreased in 2023
There were 930,000 wood-framed homes completed in 2023, NAHB reports. This is a 3% decrease compared to 2022.
US Producer Price Index for Final Demand Increases in July
The Producer Price Index (PPI) for final demand, seasonally adjusted, advanced 0.1% in July.
US Median Asking Rent Declines in All Bedroom Counts in July—A First Since June 2020
Redfin reported that the median asking rent fell year-over-year across all bedroom counts in July—the first time that’s occurred since June 2020.