The Pontiac Journal reported that Commonwealth Plywood has continued operations in 2025, despite being slated for closure in December.
Wood Markets News
Woodgrain to Acquire Kelleher Corporation
Woodgrain, a manufacturer and distributor of millwork and building materials, has entered into an asset purchase agreement to acquire Kelleher Corporation.
Canadian Housing Starts Decline 13% in December
Housing starts for all areas in Canada decreased 13% in December (231,468 units, SAAR), CMHC reported.
Mortgage Applications for New US Home Purchases Decline 3% in December
Mortgage applications for new-home purchases declined 3%, unadjusted, in December, MBA reported.
New Forests Secures AU$600 Million for Its Australia New Zealand Landscapes and Forestry Fund
New Forests announced the final close of the Fund, raising approximately AU$600 million from institutional investors from across Europe and Asia-Pacific.
BC Awards CA$5.1 Million to Support Forest Products Manufacturing
BC is contributing CA$5.1 million through the BC Manufacturing Jobs Fund toward seven forest-sector capital projects and five planning projects.
US Builder Confidence Inches Higher in January
Builder sentiment in the market for newly built single-family homes rose in January, according to the NAHB/Wells Fargo Housing Market Index.
US Remodeler Sentiment Trends Higher in Q4
The NAHB/Westlake Royal Remodeling Market Index posted a reading of 68 in Q4, a 5-point gain from the previous quarter.
US 30-Year Mortgage Rates Surpass 7% for the First Time Since May 2024
The 30-year fixed-rate mortgage averaged 7.04%, up from last week when it averaged 6.93%, Freddie Mac reported.
US Multifamily Markets End 2024 With Lower Asking Rents
Advertised asking rents declined $4 to $1,742 in December, Yardi reported. Year-over-year, growth slowed to 0.6%, the 16th consecutive month with increases below 1%.