An additional 3.169 million Americans made their initial filing for unemployment benefits during the week ending on Saturday, May 2nd.
Wood Markets News
B.C.’s Forest Minister, Doug Donaldson Discusses Impact of COVID-19 on Beleaguered B.C. Forest Industry
In an interview with NL Newsday, British Columbia’s Forests Minister, Doug Donaldson, discussed the more than two dozen sawmills in B.C. that have had to curtail or shut down operations as a result of the COVID-19 pandemic.
Time Spent Searching for a Home Continues to Grow
Up until the onset of the COVID-19 pandemic (mid-March) home purchases for the first quarter of 2020 were on the upswing.
Mortgage Applications Increase Ever So Slightly in Week Ending May 1st 2020
For the week ending May 1st, 2020, the Market Composite Index, increased 0.1% on a seasonally adjusted basis from one week earlier.
USDA Forest Service Awards two $ 250,000 Grants for Wood Innovation Projects in Mississippi
The USDA forest service has announced that it is awarding two $250,000 grants for use in the development of wood innovation projects.
Georgia Pacific Announces it will Idle Indefinitely their DeQuincy Louisiana Sawmill
Georgia Pacific announced over the past weekend (5/2) that it plans on ceasing operations at its DeQuincy Louisiana sawmill operation.
U.S. Lumber Manufactures Speak Out Against Aid Programs for Canadian Lumber Production
The U.S. Lumber Coalition is calling into question recently announced and implied aid programs across Canada that are to benefit the Canadian lumber and forest products industry.
Brazilian Exports of Wood-Based Products Decline in March
According to the International Tropical Timber Organization, Brazilian exports of wood-based product declined year-over-year 4.4% in value in March.
Japan’s Imports of Plywood Drop in February
According to the International Tropical Timber Organization, in February, Japan’s overall year-over-year imports of plywood dropped 17%.
Fire Damages a Mill Under Construction in Port Alberni B.C.
The San Group’s remanufacturing plant located in Port Alberni B.C. caught fire on Wednesday (4/29) morning destroyed a significant portion of the newly built structure.