For the week ending May 1st, 2020, the Market Composite Index, increased 0.1% on a seasonally adjusted basis from one week earlier.
Wood Markets News
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.
Minority Homeownership Increases in 1st Qtr. of 2020
According to data recently released by the U.S. Census Bureau’s Housing Vacancies and Homeownership Survey the minority homeownership rated for the first quarter of 2020 increased.
Q3 2019 Absorption Rate for Apartment Holds Steady
According to data from the U.S. Census Bureau’s Survey of Market Absorption the absorption rate of unfurnished, unsubsidized apartments remained essentially flat.
Homes For Sale Inventory Maybe Increasing . . . But Affordability Remains a Significant Issue
Last week’s Housing Trend Report (HTR) for the first quarter of 2020, gave buyers reason to hope that the recent tightness in the available homes for sale inventory was easing.