Stora Enso sold 175,000 hectares of its Swedish forest land (12.4%) for EUR 900 million, while retaining a 15% stake in the new venture.
Wood Markets News
US Mortgage Applications Drop 12.7% in the Week Ending September 26
Mortgage loan application volume fell 12.7%, led by a 21% drop in refinancing activity, MBA reported.
ADP: Private Sector Employment Declines in September
Private sector employment declined by 32,000 in September, while annual pay increased 4.5% year-over-year, ADP reported.
Mercer Mass Timber Completes University of Arkansas’ Anthony Timberlands Center
Mercer Mass Timber completed the University of Arkansas’ Anthony Timberlands Center, using locally made CLT and achieving chain-of-custody certification.
GreenFirst Temporarily Curtails Ontario Sawmill Operations After Kap Paper Idling
GreenFirst will temporarily curtail sawmill operations in Kapuskasing, Hearst, and Cochrane, after Kap Paper’s mill idling.
FHFA House Price Index Rises 2.3% Year-Over-Year in July
US house prices slipped 0.1% in July from June but rose 2.3% year-over-year, the FHFA reported.
S&P Cotality Case-Shiller Index Reports 1.7% Annual Gain in US Home Prices in July
US home prices rose 1.7% year-over-year in July, down from a 1.9% gain in June.
US Consumer Confidence Index Falls in September
The Conference Board Consumer Confidence Index fell 3.6 points to 94.2 in September, its lowest level since April.
US Job Openings and Labor Turnover Summary for August
US job openings totaled 7.2 million in August, with hires and separations both at 5.1 million.
US Imposes Section 232 Tariffs on Softwood Lumber and Wood Products
President Trump imposed new tariffs on softwood lumber, timber, and other wood product imports following a Section 232 investigation.