The Conference Board Consumer Confidence Index® (CCI) increased to a reading of 108.7 in October (1985=100), up from an upwardly revised reading of 99.2 in September.
Wood Markets News
Stora Enso to Acquire Finnish Sawmill Company Junnikkala
Stora Enso announced that it has entered into an agreement to acquire 100% of the Finnish sawmill company Junnikkala Oy.
Fannie Mae Economic and Strategic Research Group Review of Home Sales Data
Existing-home sales were a bit below the ESR Group’s expectations in September. With the revisions, the new sales figure was almost exactly in line with the Group’s forecast for the quarter.
Mississippi State University and Mississippi Lumber Manufacturing Association Partner to Advance Mass Timber Construction
MSU and the Mississippi Lumber Manufacturing Association announced the establishment of the Mississippi Lumber Manufacturers Association Endowed Professorship in Innovative Wood Construction and Design at MSU.
Ireland Reduces Forest Sector Budget as Farmers Turn Away From Planting Trees
Experts in Ireland are warning that the €20 million reduction in this year’s allocation from the government for the forestry sector is a warning sign, the Irish Independent reported.
Entry Period Begins for $1.8 Million 2025 Mass Timber Competition: Building Sustainable Schools
This year’s competition will award funds totaling $1.8 million to support projects that accelerate the pace of mass timber adoption in the United States, specifically in the K-12 learning environment.
US National Interagency Fire Center Wildfire Update as of October 28th
As of Monday, wildland fire activity continues in 9 states where 11 large active wildfires have burned 1,073,226 acres.
Paper Excellence Group Rebrands as Domtar
Paper Excellence Group announced the operational integration of the recently acquired Domtar Corporation and Resolute Forest Products with the legacy Paper Excellence business.
Norra Timber Announces New Investments in Its Hissmofors, Sweden, Sawmill
Norra Timber continues to invest in its sawmill in Hissmofors, Sweden, with up to SEK 150 million (US$14.12 million) being spent in three separate stages.
Canadian New Housing Price Index Unchanged for Second Consecutive Month in September
Nationally, the index rose 0.2% year-over-year in September compared with an annual decline of 1.0% in September 2023.