Sinclar Group Forest Products will cut output by 40% at its three BC sawmills starting October 27, citing policy, supply, tariff, and economic pressures.
Wood Markets News
Fannie Mae ESR Group Releases October Economic and Housing Outlook
Fannie Mae’s ESR Group raised its GDP and home sales outlooks for 2025, projecting 1.9% growth and 4.74 million sales, while trimming its inflation forecast.
Latvia Approves HS Timber Group’s Acquisition of Kurekss
Latvia’s Competition Council approved the acquisition of timber producer Kurekss by HS Timber Group’s Nextwood One, LSM reported.
Enviva Pellet Dome in Pascagoula, MS, Damaged in Fire
A fire occurred in one of Enviva’s wood pellet storage domes at the Port of Pascagoula, and pellets were offloaded, WLOX reported.
US Consumer Price Index Rises 3.0% in September
The Consumer Price Index for All Urban Consumers rose 0.3% in September and 3.0% over the past 12 months.
University of Michigan Releases Final Results of Its Consumer Sentiment Index for October
The Index of Consumer Sentiment fell to 53.6 in October, down 2.7% from September and down 24.0% from a year ago.
West Fraser Lowers 2025 Lumber Shipment Targets Amid Weak Demand
West Fraser lowered its 2025 lumber shipment targets to 2.6–2.7 billion board feet of SPF and 2.4–2.5 billion of SYP, citing weak demand.
Southeastern Timber Products Completes Ackerman, MS, Sawmill Expansion
Southeast Timber Products has expanded its Ackerman, Mississippi, operations with a new $120 million sawmill, increasing capacity to 300 million board feet annually, WCBI reported.
Mercer Mass Timber to Expand Spokane Valley, WA, Facility
Washington state awarded $250,000 to Mercer Mass Timber to support its Spokane Valley expansion, complementing $30 million in private investment, The Journal of Business reported.
US Mortgage Rates Fall to Lowest Level in Over a Year
The 30-year fixed-rate mortgage averaged 6.19%, down from 6.27% the previous week and the lowest level in more than a year, Freddie Mac reported.