Nordic sawmillers are reporting that recently reported weak financial results are prompting production curtailments. Weakening demand due to uncertain global […]
Wood Markets News
U.S. Court of International Trade Orders U.S. Dept. of Commerce to Rethink Shake & Shingle Duties
The U.S. Court of International Trade (CIT) has ordered the U.S. Department of Commerce to rethink its conclusions that certain […]
Weekly Mortgage Applications Rise to Highest Level in Over a Month
As mortgage rates inch higher, buyers are rushing to get in before they go up again. The Mortgage Bankers Association […]
Over 500k acres of timberland change ownership in Michigan’s Upper Peninsula
According to a press release dated November 13th 2019, Seattle-based Weyerhaeuser Company has sold 555,000 acres of Michigan timberland to […]
Remodelers Report Steady Growth in 3rd Quarter
The National Association of Home Builders (NAHB) Remodeling Market Index (RMI) posted a reading of 57 for the 3rd Qtr., […]
Canadian Housing Starts Fall in October
Data from the Canadian National Housing Agency indicates that Canadian housing starts declined in October when compared with the September. […]
Georgia-Pacific announces the opening of their new lumber facility in Warren County, GA.
Georgia-Pacific has announced the opening of their new $135 million, 340,000 square foot production plant in Warren County, GA. The […]
Tolko Industries Announces Permanent Closing of Kelowna West Sawmill
After 80 years of continuous operation, Tolko Industries CEO has announced announced that the Kelowna West Sawmill will permanently cease […]
Lower Mortgage Rates but Application Rates Unchanged from Last Week
The National Association of Mortgage Bankers Association (MBA) has reported that mortgage rates dipped slightly this week – decreasing from […]
British Columbia Lumber Industry Woes Not an Indicator of N.W. Ontario’s Sawmills Health
25 sawmills in British Columbia have been shuttered in 2019. However, only 3 sawmills in northwestern Ontario have been temporarily […]