Martco, the parent company of RoyOMartin, is investing $30 million to upgrade its Allen Parish, Louisiana, OSB manufacturing facility.
Wood Markets News
Fixed-Rate Mortgages Climb Higher in the Week Ending April 11th
The 30-year fixed-rate mortgage averaged 6.88%, up from last week when it averaged 6.82%, Freddie Mac reported.
Russia’s Invasion of Ukraine Has Destroyed 60,000 Hectares of Forests So Far
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.
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.