Phase 1 of the US – China trade deal is scheduled to be signed on Wednesday January 15th. However, home […]
Wood Markets News
Stud Mill in Montana Shutting Down due to Lack of Timber
RY Timber is planning to suspend operations at its Townsend studmill due to timber supply. The company cited “uncertainty and […]
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, […]