RY Timber is planning to suspend operations at its Townsend studmill due to timber supply. The company cited “uncertainty and […]
Wood Markets News
Core Inflation Increases Modestly in December
The U.S. Bureau of Labor Statistics has reported that the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2% […]
Consumer Confidence Falls in December 2019
The Conference Board has reported that their Consumer Confidence Index, slipped 0.3 points from 126.8 to 126.5 in December, as […]
Canadian Housing Starts Unexpectedly Fall in December
The Canadian Mortgage and Housing Corporation (CMHC) has reported that the seasonally adjusted annualized rate of housing starts fell to […]
U.S. Mortgage Rates Drop Again
Freddie Mac has reported the results of its Primary Mortgage Market Survey®. The weekly average rate for new mortgages, as […]
Plywood Production Underway at Kronospan’s Smorgon Belarus Mill
Kronospan has announced that it has commenced plywood production at its Smorgon plant in Belarus. The plant is producing four […]
Shortage of Homes For Sale has Spread Across All Price Ranges
According to Realtor.com the supply of homes for sale was in December 2019, was 12% lower when compared to December […]
British Columbia to Set Aside $875K for Communities Hurt by Sawmill Closures
The B.C. Provincial government has announced that it will provide an additional $875,000 CDN, to 11 communities to assist mill […]
Mortgage Applications Decline 1.5% from 2 Weeks Earlier
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 3, 2020, […]
Canadian Imports and Exports Continued to Decline in November
According to a report in the Wall Street Journal, Canadian exports and imports fell for the second straight month in […]