Wood Markets News

Job Cuts Spike in December – Up 18.9% from November

According to the latest released report by Challenger, Gray & Christmas (CG&C), Inc, a global outplacement and business and executive coaching firm, planned job cuts announced by U.S. based employers jumped to 77,030 in December. An increase of 18.9% from November’s announced cuts of 64,797.

Mortgage Applications Dip Over the Two-Week Holiday Period

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending January 1st, 2021, and includes adjustments to account for the holidays, The Market Composite Index, a measure of mortgage loan application volume decreased -4.2% on a seasonally adjusted basis from two weeks earlier.

Weston Forest Acquired by the Watermill Group

Weston Forest with their head office located in Mississauga, Ontario, Canada, has announced that they have been acquired by the Watermill Group, a strategy driven private investment firm. Weston which operates eight facilities across eastern Canada and the U.S., provides niche market services and products that are vital to commercial and residential construction as well as the production and shipment of industrial goods.