US manufacturers produced 10.71 million metric tons of wood pellets in 2024, the EIA and Biomass Magazine reported.
Wood Markets News
Union Pacific Reaches 5-Year Agreement With the National Conference of Firemen and Oilers
Members of the National Conference of Firemen and Oilers have ratified a five-year agreement with the railroad.
Mortgage Applications Decline in the Week Ending April 18
Mortgage loan application volume declined 12.7% on a seasonally adjusted basis from one week earlier, MBA reported.
Canadian Industrial Product and Raw Materials Price Indexes for March
Prices for lumber and other wood products rose 3.1% March, following two months of declines.
US Home Price Growth Slows to Lowest Monthly Rate Since December 2022
US home prices ticked up 0.2% in March on a seasonally adjusted basis, the slowest monthly pace since December 2022, Redfin reported.
Investment in Canadian Building Construction Increases 1.5% in February
Investment in building construction rose 1.5% to C$22.4 billion in February, with gains recorded across all components.
Southern Pine Lumber Exports Rise 4.7% in February
Southern pine exports (both treated and untreated) in February were up 4.7% to 40.8 MMBF but remained 15% lower year-over-year, the USDA and SFPA reported.
US Mortgage Loans in Forbearance Trend Lower in March
As of March 31, the total number of loans in forbearance declined 2 basis points from 0.38% of servicers’ portfolio volume in the prior month to 0.36%, MBA reported.
Cincinnati Public Radio Completes New Mass Timber Facility
Cincinnati is now home to the first mass timber broadcast facility in the US, a 35,000-square-foot, $32-million headquarters for Cincinnati Public Radio, according to Radio Ink.
The Conference Board US Leading Economic Index Continues to Fall in March
The Conference Board Leading Economic Index declined 0.7% to 100.5 in March, after a revised decline of 0.2% (originally 0.3%) in February.