According to an investigation by NGL Media, Russia’s war against Ukraine has destroyed more than 60,000 hectares of forests amounting to US$360 million, The Kyiv Independent reported.
Wood Markets News
Remodeling Market Sentiment Remained High in Q1
The NAHB/Westlake Royal Remodeling Market Index dipped a single point to a reading of 66 when compared to 2023Q4.
US Producer Price Index for Final Demand Increases Month-Over-Month and Year-Over-Year in March
The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.2% in March, following a 0.6% increase in February.
US Weekly Jobless Claims Decrease in the Week Ending April 6th
The advance figure for seasonally adjusted initial unemployment claims was 211,000, a decrease of 11,000 from last week’s revised level.
Canadian Building Permits Increase in February
The total value of building permits in Canada increased 9.3% month-over-month to $11.8 billion (CAD) in February. Residential permits increased 7.4% to $7.1 billion.
BC’s Wildfire-Damaged Timber Recovery is Underway
BC announced new measures to streamline the use of wildfire-damaged timber and support land recovery.
West Fraser and Lake Babine Nation Sign Joint Development Agreement
Lake Babine Nation’s forestry enterprise has entered into a Joint Development Agreement with West Fraser, The Interior News reported.
Mortgage Applications Rebound in the Week Ending April 5th
The Mortgage Bankers Association Market Composite Index increased 0.1% on a seasonally adjusted basis from one week earlier, ending four consecutive weeks of declines.
Consumer Price Index Increases 0.4% in March; All-Item Index Up 3.5% Year-Over-Year
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% in March, seasonally adjusted, following a similar 0.4% increase in February.
US Median Asking Rents Increase for Third Consecutive Month in March
Tthe median US asking rent rose 0.8% year-over-year to $1,987 in March, marking the third consecutive monthly increase, Redfin reported.