Sveaskog lowered softwood and hardwood pulpwood purchase prices by 40 SEK/m3fub nationwide, citing uncertain market conditions.
Wood Markets News
US Existing-Home Sales Edge Higher in April
Existing-home sales rose 0.2% in April to a seasonally adjusted annual rate of 4.02 million, NAR reported.
US Pending Home Sales Reach Highest Level Since September 2022
US pending home sales rose 7.7% year-over-year in the four weeks ending May 3, reaching their highest level since September 2022, Redfin reported.
US Commercial and Multifamily Borrowing Increases in Q1
Commercial and multifamily mortgage loan originations increased 52% year-over-year in Q1, while declining 30% from 2025Q4, MBA reported.
Stora Enso Names Its New Swedish Forest Asset Company Bergslagets Skogar
Stora Enso named its planned Swedish forest asset company Bergslagets Skogar as it prepares for a potential public listing in 2027.
Swedish Forest Agency Reports Higher Stocks of Coniferous Sawlogs in Q1
Swedish stocks of coniferous sawlogs and pulpwood increased in Q1, while pulp chip inventories declined, the Swedish Forest Agency reported.
West Fraser to Expand McDavid, FL, Sawmill Facility
West Fraser is moving forward with a $70.25 million expansion of its McDavid, Florida, sawmill facility, the Pensacola News Journal reported.
Private US Residential Construction Spending Increases in March
Private US residential construction spending increased 1.7% in March, with gains in single-family, multifamily, and remodeling activity.
US Nonfarm Payroll Increases by 115,000 in April; Unemployment at 4.3%
US nonfarm payroll employment increased by 115,000 in April, while the unemployment rate held steady at 4.3%.
University of Michigan Releases Preliminary Results of Its Consumer Sentiment Index for May
The Index of Consumer Sentiment fell to 48.2 in May, down 3.2% from April and 7.7% from a year ago.