Mortgage loan application volume increased 0.1% on a seasonally adjusted basis from one week earlier, MBA reported.
Wood Markets News
Peak Renewables Receives Permitting for Greenfield OSB Mill in Enterprise, AL
Peak Renewables has received permitting for the construction and operation of a greenfield 650MMSF OSB plant in Enterprise, Alambama, Panel World Magazine reported.
Canadian Consumer Price Index Increases 1.8% Year-Over-Year in December
The Consumer Price Index (CPI) rose 1.8% year-over-year in December, down from a 1.9% increase in November.
Södra Announces Three New Long-Term Collaboration Agreements
Södra is launching three new long-term collaboration agreements: a Forest Owner Agreement, Management Agreement, and Supply Agreement.
Number of US Mortgage Loans in Forbearance Declines in December
The total number of loans in forbearance declined from 0.50% of servicers’ portfolio volume in November to 0.47% in December, MBA reported.
US Existing-Home Prices Increase 5.4% Year-Over-Year in December
US home prices grew 0.4% in December on a seasonally adjusted basis, slightly faster than the 0.5% growth posted in November, Redfin reported.
Washington Commissioner of Public Lands Announces 6-Month Pause on Timber Harvesting in Mature Forest Complexes
Washington Commissioner of Public Lands Dave Upthegrove announced a six-month pause on DNR timber harvests in certain structurally mature forest complexes.
Canada Announces Funding for Reforestation Project in the Ogoki Forest in Ontario
The Canadian government is investing almost $900,000 (CAD) in a reforestation project in the Ogoki Forest, Northern Ontario Business reported.
Investment in Canadian Building Construction Slips in November
Total investment in building construction decreased 0.5% to $21.4 billion (CAD) in November, following a 1.1% decline in October.
US Pending Home Sales Declined in December, Redfin Reports
Pending home sales fell 4.5% in December on a seasonally adjusted basis, the largest decline since October 2022, Redfin reported.