Hunt Forest Products and Tolko Industries dedicated a $280 million sawmill in Bienville Parish, Louisiana, projected to produce 320 million board feet annually.
Wood Markets News
US Pending Home Sales Rise in August
Pending home sales rose 4.0% month-over-month and 3.8% year-over-year in August, with gains in three of four regions, the National Association of Realtors reported.
Oregon Department of Forestry Projects Selected for Wildfire Defense Grant Funding
Two Oregon Department of Forestry projects have been awarded Community Wildfire Defense Grants, part of $28.5 million for six wildfire resilience efforts statewide.
UPM and Versowood Announce Strategic Wood Sourcing Partnership in Finland
UPM and Versowood agreed to a long-term wood sourcing partnership in Finland, including UPM’s sale of its Korkeakoski sawmill and a minority stake in Versowood.
US National Interagency Fire Center Wildfire Update for September 29
As of September 29, 14 large fires are actively burning across the US. Year-to-date, 52,571 fires have burned 4.5 million acres.
Kalesnikoff Mass Timber Wins VRCA Manufacturer and Supplier Award
Kalesnikoff Mass Timber won the 2025 VRCA Manufacturer and Supplier Award for its work on the Oceanfront Squamish Presentation Centre and Public House.
Roseburg Ends Hardwood Plywood Production in Dillard, OR
Roseburg Forest Products has shut down its Dillard Hardwood Plywood plant, exiting the hardwood plywood market as imports dominate US supply.
US Mortgage Application Payment Index Falls in August
The national median mortgage payment decreased to $2,100 in August from $2,127 in July, as the Mortgage Bankers Association’s PAPI fell 1.2%.
University of Michigan Releases Final Results of Its Consumer Sentiment Index for September
The University of Michigan Index of Consumer Sentiment fell 5.3% month-over-month to 55.1 in September and was 21.6% lower than a year ago.
Barbados Opens Mass Timber Performing Arts Pavilion
Barbados opened its mass timber performing arts pavilion, a temporary venue that will form part of a permanent 85,000-square-foot cultural center in 2026, Design Bloom reported.