UPM has provided additional information about the closing of its Jyväskylä plywood mill which was first announced in June. The Jyväskylä plywood mill will be permanently closed as of 7-31-2020.
News
American’s Considering Purchasing a Home Not Dissuaded by COVID-19 Pandemic
The latest National Association of Home Builders (NAHB) Housing Trends Report (HTR) reveals that number of Americans who said they are considering the purchase of a home in the next 12 months was 11% in second quarter of 2020.
Canadian Home Prices Increase Just as Market Begins to Slow
According to the Teranet-National Bank Composite Home Price Index (CHPI) which tracks data collected from public land registries to measure changes for repeat sales of single-family homes, Canadian home prices were up 0.7% in June when compared to May.
Construction costs fall as material prices continue to rise – The Architect’s Newspaper
Even as construction jobsites reopen and workers return, the ongoing COVID-19 pandemic is continuing to negatively impact the architectural and construction markets.
Home Buyer Sentiment Fluctuates with Surge in COVID-19 Pandemic
U.S. homebuilding increased in June 2020, by the most in nearly four years. Accelerated by rising demand for housing in suburbs and rural areas. The result, of employers allowing employees to work from home, rather than come to the office during the COVID-19 pandemic.
Arkansas Governor Discusses Value of Arkansas’s Timber Industry
Arkansas Governor Asa Hutchinson knows the value of Arkansas’s timber industry. Nearly 57% of Arkansas is forested and Arkansas is the ninth largest timber producer in the United States.
University of Michigan Consumer Sentiment Index Retreats in July to Near April Low Level
The University of Michigan on Friday 7/17 reported the results of their July Consumer Sentiment Index. The Index has suddenly reversed retreating from the promising June level of 78.1 to 73.2, “due to the widespread resurgence of the coronavirus.”
Holmen AB Acquires Martinsons in Cash for Shares Sale
Holmen AB, one of Sweden’s largest forestry companies, has announced that they have signed an agreement to acquire, for cash, Martinsons, one of Sweden’s leading sawn and processed wood products companies.
Wooden Skyscrapers Potential to Transform Construction by Trapping Carbon Emissions
Engineers and architects across the globe are building revolutionary skyscrapers from one of the most renewable and sustainable materials known to mankind . . . wood.
Vietnam Forestry Exports Reach 5.3 USD in First Half of 2020
The Vietnam Administration of Forestry is reporting that in the first six months of 2020, export revenues of forestry product were over 5.3 billion USD.