US producer prices held steady in July, as higher services and construction prices offset lower goods prices. Year-over-year, prices increased 4.7%.
Wood Markets News
US Mortgage Rates Drift Lower in the Week Ending August 13
The 30-year fixed-rate mortgage averaged 6.67%, down from 6.69% the previous week, Freddie Mac reported.
US Weekly Initial Jobless Claims Increase in the Week Ending August 8
The advance figure for seasonally adjusted initial unemployment claims was 209,000, an increase of 9,000 from the previous week.
US Consumer Price Index Rises 3.4% Year-Over-Year in July
The Consumer Price Index for All Urban Consumers rose 0.1% in July on a seasonally adjusted basis and was 3.4% higher year-over-year.
US Mortgage Credit Availability Index Increases in July
The MBA Mortgage Credit Availability Index rose 2.5% to 108.4 in July.
BLM Offers Gold Mountain Fire Salvage Timber Sale in Colorado
BLM will offer a salvage timber sale covering about 250 million board feet from 120 acres in Gunnison County, Colorado, on August 19.
Stora Enso Plans Permanent Closure of Veitsiluoto Sawmill in Finland
Stora Enso plans to permanently close its Veitsiluoto sawmill in Kemi and shift pine sawing to other northern Finland mills.
US Mortgage Applications Rise in the Week Ending August 7
Mortgage loan application volume increased 3.6% on a seasonally adjusted basis from one week earlier, MBA reported.
New North Platte Regional Airport Terminal Features Mass Timber Construction
North Platte Regional Airport’s new $29.6 million terminal features a mass timber structure and CLT roofing, Airport World reported.
Canfor to Continue Whitecourt, AB, Operations Despite Fox Creek Mill Closure
Canfor says its Whitecourt, Alberta, operations will continue after its Fox Creek sawmill closes later this summer, the Whitecourt Star reported.