Norbord has recently provided a review and an update on their response to the COVID-19 pandemic.
Wood Markets News
U.S. Department of Commerce Announces Immediate Lifting of Tariffs on Canadian WRC Shake & Shingle
US Tariffs on Canadian Western Red Cedar imports removed.
Roseburg Forest Products Facility in Missoula Montana Suffers Early Sunday Morning Fire
Fire reported at Roseburg’s Missoula, Montana particleboard mill.
Koskisen to Invest 35 – 40 Million €s in Sawmill in Järvelä, Finland
Koskisen, a Finnish wood industry company, has announced it is planning to make a substantial investment in a sawmill in Järvelä, Finland.
Canadian Consumer Confidence Up for 10-Weeks in a Row
Consumer confidence increased in Canada for the 10th straight week according to Bloomberg Nanos Canadian Confidence Index.
COVID-19 Pandemic’s Impact on European Plywood Markets Not as Severe as Initially Feared
According to ITTO, the impact of the COVID-19 pandemic on the European plywood markets has proven to be less severe than the originally feared.
Brazilian Exports of Wood-Based Products Decline 13.5% in May
According to the International Tropical Timber Organization the value of Brazilian exports of wood-based products (except pulp and paper) dropped 13.5% in May to $236.3 million, when compared to May 2019 , $ 273.3 million.
Federal Housing Finance Agency Announces Extension of Forbearance for Multifamily Property Owners
The FHFA has announced that both Fannie Mae and Freddie Mac are going to be allowing services to extend forbearance for multifamily property owners with existing forbearance agreement for up to three additional months, totaling forbearance up to six months.
Mortgage Rates Hit Lowest Level Since 1971, for the Week Ending July 2nd
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending 2nd July 2020.
FEA’s Weekly Orders Survey – Dealers Continue to Report Robust Jobsite Activity
Dealers continue to report strong sales to their contractor customers jobsites but noted that deliveries for Friday were a bit on the light side.