Holmen AB, the Stockholm Sweden based company, is investing SEK 70 million ($ 8 million) in a new drying plant which will increase its drying capacity at their Iggesund Sawmill from 400,000 to 500,000 m3.
Wood Markets News
Potential Home Buyers Believe Availability Will Improve in the Months Ahead
According to the latest National Association of Homebuilders (NAHB) Housing Trends Report (HTR), 28% of prospective buyers in the third quarter of 2020 expected their search for a new or existing home would be easier in the months ahead.
New Home Sales Taper Off in September – Year-Over-Year Up 32.1%
The U.S. Census Bureau reported that the sales of new single-family houses in September 2020 were at a seasonally adjusted annual rate of 959,000.
Share of Americans Contemplating the Purchase of a New Home Increases in Q3 2020
The share of Americans who are considering the purchase of a new home in the next 12-months increased.
Sawn Softwood Markets Not Excessively Impacted by the World Wide COVID-19 Pandemic
The impacts of COVID-19 on softwood lumber production have been modest.
The United Kingdom Urges Timber Traders to Prepare for Changes Effective at End of 2020
New due diligence checks to ensure timber and timber products have not been illegally harvested will be required by UK.
Mortgage Bankers Association Expects Purchase Originations to Grow Further in 2021
The Mortgage Bankers Association (MBA) said that they expect purchase originations to grow 8.5% to a new record of $ 1.54 in 2021.
U.S. Forest Service is Accepting Application for Grants for Community Wood Energy and Wood Innovation Program
The 2018 Farm Bill established and authorized funding for the Community Wood Energy and Wood Innovation Program. Grants awarded through the program help fund the capital costs for installing wood energy systems or building an innovative wood product facility.
Weekly Jobless Claims Increased in the Week Ending 17th October 2020
The U.S. Department of Labor is reporting that an additional 787,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, October 17th. A decrease of 55,000 from the previous week’s revised level.
Canada’s Inflation Rate up in September but Retail Sales Remain a Concern
According to a report from Statistics Canada, Canada’s annual rate of inflation accelerated in September. The annual rate of inflation to 0.5% in September, up from 0.1% in August and just ahead of analyst expectations of 0.4%, driven by transportation, recreation and higher prices for new housing.