Latvian Forest Company AB will explore the market regarding a sale of the company’s forest assets in Latvia and Lithuania.
Wood Markets News
New US Residential Single-Family Home Sales Rise 1.8% in February
New residential single-family home sales for February were at a seasonally adjusted annual rate of 676,000, 1.8% above the revised January rate.
Canada to Support 28 Forest Sector Projects in Quebec
Canada and Quebec announced over CA$13.3 million for 28 projects that will help to boost the competitiveness and resiliency of Quebec’s forest sector.
FHFA House Price Index Posts 4.8% Annual Increase in January
The FHFA House Price Index rose 0.2% in January. Year-over-year, prices increased 4.8%.
S&P CoreLogic Case-Shiller Index Reports 4.1% Annual Gain in US Home Prices in January
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 4.1% in January, a slight increase from December.
Canada and Quebec Announce Investments in Sustainable Wood Construction
Canada and Quebec announced a joint contribution of over CA$8.5 million for four projects that will promote green construction in Quebec.
US Consumer Confidence Index Declines for Fourth Consecutive Month in March
The Conference Board Consumer Confidence Index declined 7.2 points to a reading of 92.9 (1985=100).
Peab and Södra Announce Cooperation Agreement for Sustainable Framing Solutions
Södra and Peab AB announced an exclusive cooperation agreement that will jointly drive climate transition in the construction industry.
Nonresidential Construction Backlog Declines in February; Contractor Optimism Remains High
The ABC Construction Backlog Indicator declined to 8.3 months in February. Year-over-year, the measure was up 0.2 months.
Union Pacific and National Conference of Firemen and Oilers Reach Tentative Agreement
Union Pacific and the National Conference of Firemen and Oilers announced a tentative agreement has been reached and will be sent to NCFO members for ratification.