The U.S. Court of International Trade (CIT) has ordered the U.S. Department of Commerce to rethink its conclusions that certain […]
Wood Markets News
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 […]
Canada Mortgage and Housing Corporation (CMHC) Calls for Canadian Housing Starts to Stabilize in 2020
CMHC Chief Economist Bob Dugan said “housing starts (in Canada) are projected to stabilize in 2020 and 2021, at levels in […]