31 states reported month-over-month employment gains in February, the BLS and National Association of Home Builders reported.
Wood Markets News
Stiles Machinery Announces Mass Timber Project With Rosboro for New GLT Plant in Oregon
Stiles Machinery announced that Rosboro has selected HOMAG Group members to deliver mass timber solutions for their new GLT factory in Springfield, Oregon.
Northeast BC to Become Home to World-Scale Industrial Distribution Hub
Buffalo Rail & Infrastructure Corp has acquired Canfor Pulp Products’ recently discontinued pulp mill assets in Taylor, BC.
Latvia’s Stiga RM Plans to Expand Birch Plywood Production at Its Kuldīga Mill
Stiga RM plans to significantly expand its birch plywood mill in Kuldīga this year with an investment of more than 10.5 million euros, LSM reported.
US National Interagency Fire Center Wildfire Update for the Week Ending March 22nd
26 new large wildfires were reported during the week. Currently, there are 18,743 acres actively involved in fires.
Canadians Receiving Employment Insurance Benefits Inches Higher in January
In January, the number of Canadians receiving regular Employment Insurance (EI) benefits was up 0.3%.
Roseburg Announces the Closure of Its Missoula, MT, Particleboard Plant
Roseburg announced that it will permanently cease operations at its Missoula, Montana, particleboard plant on Wednesday, May 22nd.
US Existing-Home Sales Increase Month-Over-Month in February, but Remain Lower Year-Over-Year
Existing home sales increased 9.5% month-over-month in February to a seasonally adjusted rate of 4.38 million, the National Association of Realtors reported.
Metsä Group to Temporarily Halt Production at Several Mills in Finland Due to Strikes
Metsä Group announced that production at various Finland-based board mills and sawmills will temporarily shut down due to ongoing strikes.
US Fixed-Rate Mortgages Climb Higher in the Week Ending March 21st
The 30-year fixed-rate mortgage averaged 6.87%, up from last week when it averaged 6.74%, Freddie Mac reported.